If you mark-to-market the portfolios together, you are looking at multibillion mark-to-market losses, particularly with gold at 500-plus.
More Quotes from John Ing:
In a period when there were a lot of MA heated activity they, by virtue of being in the penalty box, could not realistically look at anything because there would be a question mark as to whether you could really close any transaction in a reasonable time.John Ing
It sure was a light trading day. London was closed and it's the last week of August, which tends to historically be a light trading period.
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The stock has climbed back with clarification from the company.
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They have an aggressive management, they have a great balance sheet, they have an array of assets that are leveraged to the gold price.
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We will probably get a better opening to the market. The resource stocks and gold stocks are better today.
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