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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: zebra4o1 who wrote (38422)	11/5/2006 10:36:46 PM
From: orkrious	Respond to of 39344

Didn't CC say that NG might drop if Barrick dropped its bid? Maybe that was when gold was much lower. John Doody thinks the Arbs have been buying NG here to sell to to ABX at 16. I'm not so sure. First, that's around an 8% annual return. Is it worth it? Most importantly, NG had a poison pill that they waived because they had assurances from the big institutional owners that they weren't gonna sell out cheaply. Institutions own a lot. finance.yahoo.com