Guest Posted August 10, 2003 Report Share Posted August 10, 2003 John @ Trending 123: Interesting turn of events... ASL was one of the gold stocks I recommended until AU stepped in to buy it, the main reason was limited upside because it was an all stock deal. 990 million dollar offer to ASL that already had a market cap over 1 BILLION. At the time it didn't seem like more upside was possible, everything being "baked in" so to speak. Until now, GOLD offers 2 shares for every 1 share of ASL. That would value ASL at over $10.00 a share. Strange turn of events. http://biz.yahoo.com/djus/030810/0808000344_1.html Looks like this sector is going to really start heating up with this M&A activity. GOLD http://trending123.com/gold/randgold_resources_ltd.htm ASL http://trending123.com/gold/ashanti_goldfields_co_.htm AU http://trending123.com/gold/anglogold_ltd_.htm Link to comment Share on other sites More sharing options...
ThorAss Posted August 10, 2003 Author Report Share Posted August 10, 2003 Thor, Don't the possible corrections you noted on the HUI seem a bit dramatic if we are in a new bull market for PM's? Not really. It's a volatile suctor. Look at the scale of some of the past pullbacks. Link to comment Share on other sites More sharing options...
ThorAss Posted August 10, 2003 Author Report Share Posted August 10, 2003 Just to let you know I'm not a one-trick pony, the following stocks came up on my long scan this weekend and made it past the culling. They are similar in nature and all appear to be from the Energy (Nat. Gas?) Suctor. Comments on these and possible candidates. Think I'll just pick one for now. CMS CIG EP KCS WMB Link to comment Share on other sites More sharing options...
Guest Posted August 11, 2003 Report Share Posted August 11, 2003 @ 11.30 pm PST, Gold up $1.40 ... The week begins on a lovely note... Link to comment Share on other sites More sharing options...
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