BOTH DOLLAR APPRECIATION AND LME INVENTORY BUILDUP CONTINUE AT MODERATE RATE 2/16/2009
BOTH DOLLAR APPRECIATION AND LME INVENTORY BUILDUP CONTINUE AT MODERATE RATE 2/16/2009
BOTH DOLLAR APPRECIATION AND LME INVENTORY BUILDUP CONTINUE AT MODERATE RATE 2/16/2009
INVENTORY DECLINES GIVE EVIDENCE THAT FINALLY SUPPLY CUTBACKS ARE BEGINNING TO CATCH UP TO DEMAND DECLINES 3/8/2009
BARRICK GOLD (ABX $28.76, Rated Underweight) RATING LOWERED TO UNDERWEIGHT AS HIGH CAPITAL SPENDING AND POOR HEDGE POSITION COULD LEAD TO SIGNIFICANT DISAPPOINTMENTS 3/8/2009
INVENTORY DECLINES GIVE EVIDENCE THAT FINALLY SUPPLY CUTBACKS ARE BEGINNING TO CLOSE GAP WITH DEMAND DECLINES 3/16/2009
RIO TINTO (RTP $103.00 per US ADS 3-13-09, rated Overweight price target $236 per US ADR) REMAINS RELUCTANT TO LEAD OUTPUT CUTS; HIGH PRODUCTION PRESSURES DOWNWARD COMMODITY PRICES UNTIL A FINAL VOLATILE UPSWING 3/16/2009
NEWMONT MINING (NEM $40.14, rated Neutral with $40 price target) UPDATED FINANCIAL MODELS AND ESTIMATION OF $313 ENTERPRISE VALUE PER OZ OF RECOVERABLE RESERVES ANTICIPATING ABOUT $900-$950 GOLD 3/19/2009
TECK CORP. (TCK US$4.08 , rated Overweight) RIO TINTO-CHINALCO TRANSACTION AND LOUISIANA-PACIFIC NOTES ILLUSTRATE REFINANCINGS; GEOSCIENCE AUSTRALIA HIGHLIGHTS CARRAPATEENA 3/19/2009
GOLD INDUSTRY- -MAJOR GOLD MINE VALUATIONS AVERAGE $346 PER OZ AND MERGER TRANSACTIONS RANGE FROM $128 TO $394 PER OZ 3/30/2009
GOLD INDUSTRY- -MAJOR GOLD MINE VALUATIONS AVERAGE $346 PER OZ AND MERGER TRANSACTIONS RANGE FROM $128 TO $394 PER OZ 3/30/2009
MODERATOR REMARKS TO MARCH 31, 2009 METALS CONFERENCE 3/30/2009