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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: whenitgoesup who wrote (37396)	3/30/2007 6:03:41 PM
From: tyc:>	Respond to of 78424

I wonder if we aren't seeing a resumption of arbitrage between RNG and CHD its supposed takeover candidate. As RNG would no doubt use its paper to buy, the lower the price of RNG the more paper received for each share of CHD. Institutions could be selling RNG to buy CHD simply as a means of acquiring even more RNG. . If so it sure makes RNG cheap !. Too far-fetched, I suppose.

To: whenitgoesup who wrote (37396)	3/30/2007 6:34:31 PM
From: UPTICK	Respond to of 78424

With Lion Ore ( Production of 40,000 tons/year) sold to Xstrata, there are only 2 Canadian NI producers left. FNX for 5,800 tons and RNG for I don't remember how many tons/year of NI and 100,000 oz of AU. So, as NI is still contributing good money to the bottom line for 3 to 5 years, and gold is supposed to take off...RNG may and will probably trade for 3 times todays price in one year time. Lion Ore tripled it's share price in the last 18 months without gold. So, IMHO RNG is just beginning to build a good co. Look for them to buy good prospects and grow.