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Thread: Hot tip!

  1. #1
    God/dess kitty260's Avatar
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    Exclamation Hot tip!

    The Barrick Gold Company recently aquired several Placer Dome properties (one of which I used to work at). Barrick is selling one such property to a neighbouring one owned in full by Goldcorp. My father is a stockbroker and tracks gold very closely and he recently bought $34 000 worth of Goldcorp shares in anticipation of the aquisition of the Campbell property. Campbell Mine is very rich, with huge amount of untapped possibilities. The Goldcorp owned property neighbouring it is the richest ore deposit in the world. Once they combine, they'll be worth billions. Again, I know this because I've worked for them.

    If you're in the market for gold, this is a stock opportunity worth exploring. The employees of Campbell and the neighbouring Goldcorp property have been buying up shares like mad because they know what's coming. As Melonie posted, the market price of gold has been rising steadily.

    Just thought I'd pass the information along. This is a hot ticket! But move quickly as the acquisition of Placer Dome by Barrick will be completed in the coming months.

    You can check out the acquisition information for yourself at www.placerdome.com, www.barrick.com, and www.goldcorp.com.
    \

  2. #2
    Banned Melonie's Avatar
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    Default Re: Hot tip!

    I have owned GG shares in the past (when the shares sold for under US$10, doubled in price and split) ... it is a very good company on paper LOL. However, while the stock has risen, it hasn't come close to rivaling the stock price increase of many other gold/silver miners.


    (yes I know that 'sneezing at' a company whose stock value has ONLY climbed 50% in the past 6 months must sound a bit jaded)

    Maybe this property acquisition is just the catalyst GG needs to draw investor attention when the announcement is made. Thanks !

    Disclaimer : all commentary about particular stocks / investments in Dollar Den are to be considered personal opinions of amateurs, and should not be construed as investment advice. Precious metals mining companies in particular are one of the most speculative / risky / unpredictable of all possible investments.
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    Last edited by Melonie; 04-13-2006 at 03:06 AM.

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    Banned Melonie's Avatar
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    Default Re: Hot tip!

    Nice pop since you originally posted about GG last Thursday. Of course, the price of gold bullion has just jumped from $600 to almost $615 in the same time period.

    .


  4. #4
    God/dess kitty260's Avatar
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    Default Re: Hot tip!

    I finally got brave and followed Dad's lead. Usually he doesn't encourage anyone to buy gold stock since he can afford to take the loss if things head south, but he gave me a loan to buy a thousand Goldcorp shares. Again, only because he works in the industry and knows what's going to happen when Barrick sells Campbell to Goldcorp. I would never have thought about it unless I was "in the know" about the situation.

    Another bit of good news for them: Within one year after the amalgamation of Campbell and Goldcorp they'll be pouring over a million ounces per year and Campbell will go right back to being the darling of the gold industry.
    \

  5. #5
    Banned Melonie's Avatar
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    Default Re: Hot tip!

    GG got another big pop today ... although a good portion of the gain was simply attributable to the US dollar exchange rate weakening even further against the Loonie.

  6. #6
    Banned Melonie's Avatar
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    Default Re: Hot tip!

    this one is really starting to run now ... up 10% in a week !



    of course the real 'easy money' is in GG call options - up almost 12% today alone !

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