Quantcast Placer Dome up 19% in Pre-Market Trading
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Placer Dome up 19% in Pre-Market Trading

Posted on 09/25/2006 16:38:39 | Link | Post Comment
Shares of Placer Dome were up 19% in pre-market trading on Inet, fueled by news of Barrick Gold's bid to acquire Placer Dome. The bid valued at $9.2 Billion in cash and stock represents a 24% premium over Friday's closing price, serving to further validate our bullish stance on the bright future of the yellow metal. With Wall Street Legend Louise Yamada calling for gold prices of $1,000/oz in the near future, today's news could very well spark the beginning of a 21st century Gold Rush in junior mining and exploration companies such as Azco Mining and many others as the world rapidly runs out of gold...

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