Everyone's Disappeared like those 2 Israeli Soldiers Who Were In Lebanon
Hey, Where did everyone go?? You've all disappeared just like those two Israeli Soldiers who disappeared after their unit crossed into southern Lebanon and were then captured by Hezballoh. It's going to be fun to watch the Barrick Gold(ABX) hostile tackeover of Novagold (NG) . Barrick needs the in ground resources of Novagold to keep supporting their money losing hedging program. The rest of the gold world including GATA is hoping that ABX has to pay $30/share instead of their lowball $14.65. With Novagold trading at at 10% premium to the offer ($16.45) the market is expecting a higher offer or maybe a white knight. This takeover has huge implications in how the Gold Supression by Barrick and the Central Banks will continue to work. If Barrick can use the Novagold reserves for their hedging they will succeed in helping to get our gold price down. Comments??
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Joined: 2006-03-18