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To: Bill Murphy who wrote (27895)	2/8/1999 8:10:00 PM
From: long-gone	Respond to of 116753

<<HM story missed it.>> Nuthin' but good stuff! The Von Finch play was not reduced as reported, he gave some to his kids. When there are 4 players, it must be a more fair market than when there are two or three. rh

To: Bill Murphy who wrote (27895)	2/8/1999 8:23:00 PM
From: long-gone	Read Replies (3) \| Respond to of 116753

NEW YORK, Feb 8 (Reuters) - Anglogold Ltd's forward gold sales in 1999 through 2008 total 11.85 million ounces as of December 31, 1998, according to its fourth quarter corporate filings, an increase of 3.7 million ounces from the third quarter ending September 30, 1998. ''This represents a slight increase in our hedges to account for the acquisition of the Minorco gold properties in North and South America,'' said Jonathan Best, executive director of finance for Anglogold. Anglogold, the world's largest gold company, announced a $550 million acquisition of Minorco SA's North and South American gold properties, which is expected to increase its annual production by 12 percent to 7.5 million ounces. Best noted in an interview with Reuters that Anglogold would be assuming an estimated $130 million of debt with the acquisition, although that number was still being computed. He added that company was planning $51 million in capital expenditures to improve the operations, plus another $5.5 million in exploration at those properties. ''This was a debt financed acquisition,'' Best said. ''There's a fair amount of capital expenditures to be donw and a fair amount of exploration to be done. With that in mind, we have a hedge program in place, the bulk of it in (1998 through 2000.)'' The forward sales were at $320 an ounce in 1998, $325 an ounce in 1999, and $330 in 2000. ''This doesn't substantially change out hedging strategy,'' Best said. He added that gold prices were expected range between $280 and $300 an ounce in the near term.

To: Bill Murphy who wrote (27895)	2/8/1999 8:32:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116753

Bill, MADE YHOO!: Company Press Release Le Metropole Announces Investment Opinion on GATA Gold Anti-trust Action Committee Takes Donations, Prepares Lawsuit and "Shareholder Revolt" RYE, N.H.--(BUSINESS WIRE)--Feb. 8, 1999-- The Gold Anti-Trust Action Committee has formally incorporated itself in Delaware and has begun negotiating with law firms interested in undertaking its lawsuit against the Wall Street investment houses it accuses of illegal collusion to control the price and supply of gold, other commodities, and certain related financial securities. To finance its lawsuit, the committee also has begun to accept contributions from gold-mining companies, their shareholders, and people who want to defend gold's traditional monetary function. The announcements were made here today by GATA Committee Chairman Bill Murphy. Murphy, a financial commentator based in Rye who operates an international financial web site, www.lemetropolecafe.com, said response to the committee's formation has been ''overwhelming.'' ''The committee is only 2 weeks old,'' Murphy said, ''but we already have received substantial pledges from mining companies and individuals alike and are certain to retain a law firm. So we are notifying people who have made pledges that we are prepared to accept their contributions now.'' Murphy, recently interviewed on CNBC about GATA, said contributions should be mailed to Gold Anti-Trust Action Committee Inc., in care of John D. Meyer, Treasurer, Box 885, Great Barrington, Mass. 01230. ''We believe that our cause is a noble one -- the creation of a free and transparent market in gold -- and that all who assist it will be rewarded in some way if price fixing is defeated,'' Murphy continued. ''If they work in the gold-mining industry or own gold shares or physical metal, they may be rewarded tangibly. And even if they have no special connection to gold, they will be rewarded by the restoration of the crucial restraint gold always has applied against irresponsible currency policies throughout the world. ''We believe that transparency in the gold market can be increased by publicizing the dangerous growth in speculative short positions taken by the Wall Street investment houses with borrowed or 'leased' gold. We believe that this speculative short position now exceeds 3,000 tons, about 500 tons more than the yearly gold mine production of 2,529 tons. We believe that the investment houses are colluding to suppress the price of gold because their speculative short positions cannot be closed without causing a gold-buying panic. ''We are also going to call the gold-mining industry to task and urge a 'shareholder revolt' against the senior companies that are excessively hedged and themselves helping to suppress the price of gold. Some of these mining companies have unrealized profits of hundreds of millions of dollars in positions that could be closed by buying back their forward gold sales. Those profits could be distributed to shareholders or used to acquire more gold resources. ''We will ask investors to own only the shares of gold producers that have modest hedge positions or no forward sales at all. We will urge investors to sell their shares in the producers that are helping to devastate the gold industry. ''As the collusive shorts are exposed, they will be forced to cover, the price of gold will rise, and mining shareholders will be rewarded for buying the shares of unhedged and less-hedged companies.'' Murphy also announced that the GATA committee is developing an internet site to publicize excessive hedging by gold producers. ''We want gold fund mangers as well as shareholders to know about excessive hedging,'' Murphy said. ''Now that we are negotiating with law firms to bring a lawsuit against collusion to suppress the price of gold, no contribution to the GATA committee is too large or too small,'' Murphy said. ''All contributors will receive a written acknowledgement and be placed on the committee's mailing or emailing lists, as they prefer, and be sent progress reports about the committee's work. ''As collateral we can offer only our sincerity and the rightness of our cause. But we believe that this is still America and that one man with the law is a majority. If we can continue to mobilize the gold community, we can change the world.'' ------------------------------------------------------------------------ Contact: Gold Anti-Trust Action Committee Bill Murphy, 603-433-9389 biz.yahoo.com

To: Bill Murphy who wrote (27895)	2/8/1999 8:38:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116753

"for personal reasons": Related QuotesABX.TO 30.10 -0.05 delayed 20 mins - disclaimerMonday February 8, 4:54 pm Eastern Time FULL TEXT-Barrick Gold CEO resigns (Full text of press release from Canada NewsWire) Barrick Announces CEO Resignation - Special Board Committee Formed TORONTO, Feb. 8 /CNW/ - Barrick Gold Corporation announced that its Board of Directors has accepted the resignation of Paul Melnuk as President and Chief Executive Officer, effective today. Paul Melnuk has resigned for personal reasons. During his tenure, Paul has made a significant contribution to Barrick. I want to personally wish him well in his future business endeavors,'' said Peter Munk. Peter Munk, Founder and Chairman, will continue to work with Barrick's management team on overall strategy and direction. A Special Committee of the Board of Directors has been established to identify a successor. /For further information: Investor Contacts: Belle Mulligan, Senior Vice President, Investor Relations, Tel (416) 307-7442, Fax (416) 861-0727; Richard Young, Director, Investor Relations, Tel (416) 307-7431, fax (416) 861-0727; Media Contact: Vincent Borg, Vice President, Corporate Communications, Tel (416) 307-7477, Fax (416) 861-1509; Internet: 1 biz.yahoo.com A little heat? One must wonder