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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?


To: R. Martenson who wrote (58)10/12/1998 1:12:00 AM
From: R. Martenson  Respond to of 587
 
Looks like gold prices are really heading up...

tampabayonline.net

Quoted from their SEC filings...

"At current estimates of 1998 production
and expenses, a $10 change in the gold price results in an annual increase or decrease of approximately $38 million in cash flow from operations and approximately $27 million ($0.17 per share) in net income."



To: R. Martenson who wrote (58)10/12/1998 1:24:00 AM
From: Edmund Lee  Read Replies (1) | Respond to of 587
 
I did the same last friday by increasing my position on NEM. After all is it not we should BUY on bad news (LOW) AND SELL on good news (HIGH)