Just for the Gold Bugs
mhammerman
Posts: 3,769 ✭✭✭
From BBC today:
"South African gold producer Harmony has bid to take over larger rival Gold Fields, a merger that would create the world's biggest gold producer.
The move by Harmony is said to have the backing of a number of shareholders, including Russia's Norilsk Nickel.
They are thought to disagree with a plan to join up with Canada's Iamgold.
Harmony said the offer valued Gold Fields at 52.9bn rand ($8.24bn). The new merged firm would have a combined market value of $10bn (£5.5bn). "
FYI for the gold bugs. Wonder what impact this will have on the class action suit against one U.S. company manipulating the world price of gold.
"South African gold producer Harmony has bid to take over larger rival Gold Fields, a merger that would create the world's biggest gold producer.
The move by Harmony is said to have the backing of a number of shareholders, including Russia's Norilsk Nickel.
They are thought to disagree with a plan to join up with Canada's Iamgold.
Harmony said the offer valued Gold Fields at 52.9bn rand ($8.24bn). The new merged firm would have a combined market value of $10bn (£5.5bn). "
FYI for the gold bugs. Wonder what impact this will have on the class action suit against one U.S. company manipulating the world price of gold.
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Didn't wanna get me no trade
Never want to be like papa
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--"Happy", by the Rolling Stones (1972)
michael