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   Gold/Mining/EnergyHARMONY GOLD MINING -- HGMCY


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To: Toby Zidle who wrote (251)7/27/2002 6:58:22 PM
From: Bill McCabe
   of 271
 
Toby, based on the last 2 weeks activity
I would like not to make any prediction as
HGMCY has been extremely volitile in both
directions.
HGMCY still appears to me to be a good
company with good earnings but I guess in
these markets it does not matter.

Bill McCabe

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To: Toby Zidle who wrote (250)7/28/2002 2:31:07 PM
From: Jerry Miller
   of 271
 
Hi Toby,

the story isn't a hoax.
a huge short squeeze in the stock is a very real
possibility, very soon.

"This effectively means Khumalo was lending Simane's Harmony stock - which he was precluded from selling or encumbering - to traders who had short sold Harmony shares (sold shares they did not own). He will now have to call in his loans and return the stock within two weeks, according to the agreement brokered by the government. "Subsequent to the discussion held between the representatives, it was agreed that within a period of 14 days the total amount of 10.8 million shares should be returned to control of Simane," said the statement."

this link should work:
mips1.net

if it doesn't, try this one:
theminingweb.com

the full story, as each was written can be found near the
bottom of the page, on the left (after scrolling down).

the heading is " 7M HGMCY shares missing".

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To: lightwave51 who wrote (246)7/31/2002 2:00:02 PM
From: lightwave51
   of 271
 
11:30AM Lehman says gold stocks not cheap despite recent fall ($GOX) by Tomi Kilgore
Analyst Peter Ward at Lehman Bros. feels that despite recent weakness in the gold sector, the reward-versus-risk profile is still "unfavorable." Ward noted that the price of gold averaged $312 per ounce in the second quarter, the highest quarterly average since the third quarter of 1997, but most companies he covers posted "meager" earnings. He believes gold stocks have already discounted a "significant and sustainable" rise in gold prices but thinks it will prove "unsustainable," given that the current strength is being driven primarily by the buyback of producer hedge positions. "For some time, there has been a perception that gold stocks are effective portfolio diversifiers in down markets. We respectfully disagree," Ward added. "Despite recent weakness, the overall U.S. equity market has performed much better." The S&P 500 Index ($SPX) is down 8.30 points at 894.48, a decline of 16.2 percent since the end of May. Meanwhile, the CBOE Gold Index ($GOX), currently down 0.3 percent, has now lost 27.5 percent.

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To: lightwave51 who wrote (255)7/31/2002 2:26:13 PM
From: Jerry Miller
   of 271
 
(yawn)

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To: Jerry Miller who wrote (256)7/31/2002 2:57:50 PM
From: lightwave51
   of 271
 
It's your money, at least it was. <g>

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To: lightwave51 who wrote (257)7/31/2002 5:11:24 PM
From: Jerry Miller
   of 271
 
August of 2000 ?

says something about your timing. <g

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To: Jerry Miller who wrote (258)8/1/2002 12:48:58 PM
From: lightwave51
   of 271
 
>>says something about your timing

Since you brought up timing, and you're so good at it, why didn't you sell your gold stocks in June? <g>

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To: lightwave51 who wrote (259)8/1/2002 3:41:49 PM
From: Jerry Miller
   of 271
 
...for the same reason i didn't sell
Tech stocks in the winter of '96.
where you're going is more important than where you stand.<g

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To: Jerry Miller who wrote (260)8/1/2002 4:28:10 PM
From: lightwave51
   of 271
 
I think we can agree to disagree. I'm a trader while you are a LTBH. There are times to hold long and this is not one of them IMO.Yes I think gold can go up from here, but I play the market for what I can get, and will only hold long when I get the right signals.

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To: POLARBEAR who started this subject8/2/2002 3:11:03 AM
From: Fred Seitel
   of 271
 
On Monday Harmony reports June 2002 quarterly results. Results will be screened live at 12:00 SA time (6:00 a.m. ET) on Harmony's web site at harmony.co.za . A conference call will be conducted at 11:00 a.m. ET. Visit Harmony's web site for details about participating in the conference call.

Back on May 7th Polarbear laid out the case as to why the June quarterly report could be astonishing. You can read the analysis here:
gold-eagle.com
One thing to keep in mind is that the POG has dropped from the price used in the article.

If Polarbear's observations come to fruition, I think Harmony's price should step up a few notches. Comments are welcome from all regarding the current validity of Polarbear's observations.

Today (Friday) may be the last day to buy into Harmony before the effects of the quarterly report are felt.

- Fred

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