<http://www.forbes.com/2003/07/01/cz_bc_0701gold_print.html>
Commodities Gold Bulls' Big Gamble Bernard Condon, 07.01.03, 12:00 PM ET A pair of gold investors who amassed $357 million over 19 years by calling the ups and downs of the metal plan to send a message later this week to gold bears: You're going to lose. If all goes well, they will make a sizable bet that gold will rise past even its current lofty price of $345 an ounce. The bet by Seymour Schulich and Pierre Lassonde , the biggest individual shareholders of Newmont Mining (nyse: NEM -news -people ), comes in the form of a rather arcane deal that the Denver gold company is trying to strike with gold hedgers and bond investors to whom it owes money. Newmont has offered to buy out the IOUs at a price that means it will lose money should gold not pierce its recent trading range. The offer, which will cost the company $219 million, expires July 3. [...] http://www.forbes.com/2003/07/01/cz_bc_0701gold_print.html has the rest. JMR --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
