OPA hostile sur Nova gold /plan d'action génial antimanip

OPA hostile sir Nova gold /plan d'action génial antimanip , immédiat et simple, :

pour une fois , nous avons une excellente occasion de défaire , démettre le cartel .. à l'occasion de l'opa hostile de barrick sur nova gold ( NG)

pour pas mal de raisons évoquées ci dessous, le prix minimal proposé devrait etre de 30 $ ..
si l'opa réussissait en dessous de ce prix , nous aurions tous à en patir , actionnaires ou non de nova gold ..
si par contre barrick était obligé de surenchérir , ce serait excellent pour les actionnaires de nova mais aussi pour le prix de l'or, les futures opa , bref pour tout le monde .... sauf pour barrick
que nous connaissons tb comme un des artisans majeurs de la manipulation du gold market au sein du cartel ..

ce serait un comble que nous le laissions remporter cette bataille .. alors qu'il est trés facile de la lui faire perdre !

il suffit tout simplement - à chacun d'entre nous -de mailer les 7 principaux actionnaires de nova , , qui représentent 30% du capital,

en leur fournissant la synthése des éléments décisifs réunis par le Gata sur le role de barrick et ses conséquences ...tres simples pour nova qui serait - sans les interventions du cartel - valorisée à 145 $ et non 14.5 $ comme l'offre barrick !

(offre hostile que nous avons déja évoqué ici

https://000999.forumactif.com/viewtopic.forum?t=4696 )

je vous mets :

en bleu le mail envoyé aux actionnaires principaux de Nova , par Adrian Douglas, Gata consultant et "substanciel" actionnaire de nova gold ...

en rouge , la liste des 7 principaux actionnaires à mailer ..

now .. it is up to you ... actionnaires ou non de Nova ... nous sommes TOUS concernés !
à NOUS de jouer !





_______________

by courtoisy of midas


Who Ya Gonna Call ... Ghostbusters? No -- Goldbusters

Go GATA!

I could not resist that title, one based on the Bill Murray (not to be confused with Bill Murphy) movie "Ghostbusters," for an obvious reason now to be explained -- along with my sudden trip to Vancouver.
Last evening I had the pleasure of having dinner with Rick Van Nieuwenhuyse, president and CEO of NovaGold Resources. As most of must know, NovaGold is suddenly fighting a hostile takeover bid from Barrick Gold.

In days of yore Rick, born in Belgium, was head of exploration for Placer Dome before deciding to build his own company. He was very aware that the former chairman of Placer, John Willson, was one of GATA's first corporate supporters. (When Willson retired, Placer went anti-GATA and began to hedge its gold production at around $300 per ounce.)

At the moment the most significant happening in the gold world is Barrick's bid for NovaGold. For many reasons this cannot be allowed to succeed at a price less than $30 per share. (NovaGold this week has been trading a little below $17.) For their own interest and the interest of a free gold price, all gold shareholders, whether they own NovaGold shares or not, must OPPOSE Barrick's bid.

Here's why:

* Placer Dome got fouled up and only fiddled around with some of the NovaGold properties in which they were joint partners.

* Having taken over Placer Dome, Barrick was like a breath of fresh air to NovaGold because it promised to spend a lot of money to drill the properties at an aggressive pace.

* NovaGold laid out the entire deal to Barrick, and all was hunky-dory for Nova's shareholders until, OUT OF NOWHERE, Barrick launched a hostile takeover bid -- and while Van Nieuwenhuyse was on vacation in Italy.

* Barrick's hedge book is mega-toxic and so the company is desperate for the unhedged gold in the ground at NovaGold, with which Barrick would extricate itself from a nightmare. Taking over NovaGold will help Barrick immensely. This cannot be allowed to happen UNLESS Barrick has to pay so much that it impairs their credit situation:


TORONTO (Standard & Poor's) July 25, 2006--Standard & Poor's Rating Services today said it placed its 'A-' long-term corporate credit and senior unsecured debt ratings on Barrick Gold Corp. on CreditWatch with negative implications after the company announced an unsolicited US$1.53 billion takeover of NovaGold Resources Inc. (unrated). The 'A-2' CP rating on Barrick is affirmed.

The CreditWatch stems from the increased risk in Barrick's conservative financial profile, which is currently supported by large cash balances that contribute to low net debt leverage.

"The company has stated that it would fund the acquisition of NovaGold with cash and debt, which will weaken its funds flow to debt metrics," said Standard & Poor's credit analyst Donald Marleau.

The assets to be acquired are development properties that generate no appreciable cash flow, nor will they without substantial development capital expenditures. On the other hand, the assets will enhance Barrick's operating profile over the longer term by increasing reserves and resources in Alaska and British Columbia, which are areas of low political risk. In addition, the acquisition of NovaGold adds the 30% of the Donlin Creek development project that Barrick did not already own, while the parallel acquisition of Pioneer Metals Corp. (unrated) for C$65 million will consolidate Barrick's land position around NovaGold's Galore Creek project in northern British Columbia.

Standard & Poor's expects to resolve the CreditWatch within a few weeks. The rating outcome will take into account the probability of Barrick successfully completing the NovaGold acquisition as proposed and the resultant effects on the company's financial profile.

-END-

* If Barrick is forced to pay up, it will severely hurt the company's credit standing and ability to hang in there with the increasingly vulnerable Gold Cartel.
* The flagship property of NovaGold is Donlin Creek in Alaska, a 28.5-million ounce resource. That is the figure the company is allowed to use due to stringent filing requirements. Barrick knows that the gold at Donlin Creek is closer to 50 MILLION OUNCES because Barrick played good guy to NovaGold to learn everything before turning to their usual bad-guy drill. Barrick KNOWS!

* Some of the smartest people I know tell me that anything under $30 per share for NovaGold can be considered practically theft by Barrick and an insult to deserving NovaGold shareholders. In response to NovaGold's appeal to GATA, we ask the entire GATA ARMY and to the whole gold world to make sure that Barrick is unable to takeover NovaGold for anything less than that price. GATA consultant Adrian Douglas, a substantial NovaGold shareholder, puts it in perspective:


Dear Sir,
Public record shows that your fund/institution is a large holder of NovaGold shares. I would like to bring to your attention some very important information concerning Barrick Gold who has launched a hostile bid for NovaGold.

Barrick is a company where some detailed public domain hard facts are now available on it being complicit in the suppression of the gold price. First and foremost is Barrick’s own confession to manipulating the gold price on behalf of the central banks as admitted in a filing in US Federal court (http://www.gata.org/node/4279).

In this same GATA (Gold Anti Trust Action Committee) reference a speech by Mr. William R. White of the BIS is cited in which a scheme to suppress gold was admitted.

A report by Chevreux/Credit Agricole (http://www.gata.org/node/4270) confirms many of the findings of GATA. A recent report by the IMF http://www.gata.org/node/4123 confirms what GATA has claimed for many years that Central Banks treat gold in the vault and gold receivables as the same line item. This means that gold loaned out or swapped to be sold in the market to suppress the gold price has been "invisible" to gold market participants as it still appears on the Central Banks balance sheet as if it were in the bank vault. This gives a totally erroneous and deceptive impression of an abundant supply of gold when in fact mine supply can not meet demand.

The scheme to suppress gold is FACT. It has been admitted to by important key official figures. Barrick’s involvement in the scheme is also FACT. They admitted to it themselves in that they said they were acting on behalf of the Central banks who have immunity from prosecution.

Bob Landis pointed out in his article (March 24, 2006. Now They Tell Us: BIS Confirms Rigging Gold Prices http://www.goldensextant.com/ ) that the entering into the public record that the BIS and Central Banks do indeed manipulate the gold price when they feel it is "useful" means that Gold Company Executives have a fiduciary responsibility to declare this to their shareholders when issuing a prospectus for new offerings of shares and securities. By extension, it is reasonable to conclude that because any fund or institutional investment manager has a fiduciary responsibility to act in the best interests of its investors he or she must be fully cognizant of the background of Barrick and what type of activities it has participated in as relevant and essential information in order to reach a decision with respect to the Barrick hostile offer.

If gold had only kept pace with inflation it would now be $2000/oz let alone being able to have its price reflect the shrinking supply and increasing demand situation. A gold price of such a magnitude would value NovaGold at $145 per share and not $14.5 per share as is being offered. Barrick is complicit in the scheme that has resulted in NovaGold being valued 90% less than where it should be. It is unthinkable then that Barrick should be allowed to acquire NovaGold at that price!

We strongly urge you to examine carefully the true value and the potential value of NovaGold and to reject the current offer by Barrick. Even in today’s suppressed gold price environment a very conservative valuation of NovaGold would put it at more than $30 per share. Barrick should not be allowed to cheat your investors out of a very valuable mining company which has a much brighter future in terms of shareholder value as an independent mining entity.

Regards

* If Barrick is forced to pay up for NovaGold, it will be a landmark deal that will affect the takeover of other gold companies. The price of gold is going to go nuts in the years ahead. The only reason the price of gold is not at least twice what it is today is because of the heinous and corrupt Gold Cartel. They must not be allowed to profit from this corruption.
* Thanks to NovaGold, GATA now has the practical opportunity to capitalize on all we have accomplished over the years. Many of our supporters have rightly suggested doing this and doing that and doing some other thing -- much of which we have already done, in many cases to no avail, as we have gone to the financial and mining industry establishment to correct the wrongs. In this case we don't need the establishment. We need only NovaGold shareholders. We need only to make everyone aware of what is going on here, and that is JUST WHAT WE ARE GOING TO DO.

GATA is asking that our entire ARMY mobilize to win the day for all of us.

* Barrick is going to pay a dear price for being what it is and for what it has done to help the Gold Cartel keep the gold price down. For starters, and we are only warming up, GATA would like the ARMY to contact NovaGold's major shareholders to oppose the Barrick offer for the reasons cited above.

With just the following, we can reach around 30 percent of NovaGold's shareholders:


Sprott Asset Management Inc 4.65%
invest@sprott.com

SNYDER CAPITAL MANAGEMENT, LP 3.78%
Pjoyce@ixisag.com

ROYCE & ASSOCIATES, INC. 3.09%
funds@roycenet.com

NWQ INVESTMENT MANAGEMENT COMPANY, LLC 3.04%
scase@nwq.com

WELLS FARGO & COMPANY 2.61%
wellsfmf@wellsfargo.com

NEUBERGER BERMAN, LLC 11.03%
sri@nb.com

BLACKROCK INC. 1.81%
info@blackrock.com

This is VERY doable if you will all make an effort. Take a little time and contact these firms and fill them in for their own benefit.
What struck me the most during my meeting with Rick Van Nieuwenhuyse was a conversation he had with his 8-year-old son, who said of Barrick: "Dad, this means they lied to you." Rick could not disagree. Even more, his son is a big "Star Wars" fan and in his world and NovaGold's, Barrick is now the Evil Empire and it must be defeated.

NovaGold has requested GATA's "Force" to defeat the Evil Empire of the Gold Cartel and its agent, Barrick Gold. We are warming up to do just that.


Who ya gonna call (just make it GOLD instead of Ghost):

https://www.youtube.com/watch?v=If5phlHLOeQ&mode=related&search=

pour ceux qui voudraient connaitre l'origine du nom hongrois barrick , choisi par son fondateur Peter Munk, je ne saurais trop recommander la lecture du dernier Antal E. Fekete

To Barrick or to be Barricked, That is the Question

( ce titre devrait vous donner une idée de la signification du terme )

http://www.321gold.com/editorials/fekete/fekete081106.html

de la part d'un homme aussi distingué que lui , ça en dit long sur ce qu'il pense de cette société !! et il explique tb pourquoi ,

entre autres pourquoi barrick ne se comporte pas du tout comme le hedgeur qu'il prétend être .. eh oui ... un vrai hedgeur vend à terme ... mais achéte à terme aussi !

plus pas mal de choses tout à fait .. INTERESSANTES !

et pour mémo , un article de 2002 , TEXAS HEDGES toujours d'actualité

http://www.24hgold.com/24hpmdata/articles/100820060090415.htm

olala .. derniere minute ..info sur 6 des 7 principaux actionnaires de Nova ...

le ver est déjà dans le fruit !!



c'est tout de même curieux ça , non??? choquant

ce qui est certain c'est que ces 6 la sont PARFAITEMENT au courant . .. mais pas pour les mêmes raisons que le 7eme , Sprott Management ..

ça pourrait etre marrant de les mailer tout de même , histoire de leur faire savoir ... qu'on SAIT... PRECISEMENT ce qu'ils font ! choquant

__________


Hi Bill:

From Midas 8/9/2006:

GATA is asking that our entire ARMY mobilize to win the day for all of us.
Barrick is going to pay a dear price for being what it is and for what it has done to help the Gold Cartel keep the gold price down. For starters, and we are only warming up, GATA would like the ARMY to contact NovaGold's major shareholders to oppose the Barrick offer for the reasons cited above."

Really do hate to be negative, but the information below is provided on why these companies below might not pay (or be able to pay) any attention to the GATA army.

Because of John Embry, this company may be the only legitimate one, as far as GATA is concerned. You probably know more about this company than I ever could. This is good!
Sprott Asset Management Inc 4.65%

But the following may not to be entirely aligned with GATA's shareholder values.
Here's why:

SNYDER CAPITAL MANAGEMENT, LP 3.78%
Subsidiary of IXIS Asset Management Advisors Group, or IXIS Advisor Funds.
IXIS is owned by two French companies, Group Caisse d' Espargne and Caisse des Depots.
Groupe Caisse d' Espargne is owned by the French Government.
Caisse de Depots is also owned by the French Government.

ROYCE & ASSOCIATES, INC. 3.09%
Affiliate of Legg Mason, Inc., whose largest holders are AXA and Barclays.

NWQ INVESTMENT MANAGEMENT COMPANY, LLC 3.04%
Now owned by Nuveen Investments. Three of Nuveen's top twelve investors are T.Rowe Price which is Barclays, Goldman Sachs which is Barclays and Barclays itself. The combined assets of these three make for outright control and then some of NWQ.

WELLS FARGO & COMPANY 2.61%
Its largest holders include Capital Research and Management, Barclays, and State Street[STT].
State Street's largest holders include T. Rowe Price Associates, Capital Research and Management and Barclays.
Largest holder of T. Rowe Price is Barclays, too.
Capital Research and Management. It has been said that it is a private company obsessed with secrecy.
It is one of the largest fund companies in the world and no one knows who the vast majority of its 300 shareholders are. It has been known to intervenes in employees' divorce cases to guard secrets.

NEUBERGER BERMAN, LLC 11.03%
Its largest holders include Lehman Brothers Company, [LEH], whose largest holders are:
Legg Mason, Inc., whose largest holders are AXA and Barclays.
Barclays Global Investors UK Holdings Ltd
State Street Corporation (see Wells Fargo & Company)

BLACKROCK INC. 1.81%
Its largest holder is Merrill Lynch [MER], whose largest holders are:
State Street Corporation (see Wells Fargo & Company)
Barclays Global Investors UK Holdings Ltd
AXA - Barclays, JPMorgan Chase, Smith Barney, etc.
Legg Mason, Inc., whose largest holders are AXA and Barclays.

Now let's take a look at:

BARRICK GOLD CORP.
CAPITAL RESEARCH AND MANAGEMENT COMPANY 12.63% (see above)
NWQ INVESTMENT MANAGEMENT COMPANY, LLC 7.38% (see above)
Barclays Global Investors UK Holdings Ltd 3.47%

LORD ABBETT & CO 2.80% Interesting side note: Lord Abbet & Co. is linked to the Bush family via "Uncle Bucky" Bush , Skull and Bones member. The uncle of the president is on the board of directors. Little else is known of the private company other than it is the 10th largest shareholder in Halliburton.

....

Please be careful!
Sincerely,
Edward Ulysses Cate [pen name]

le management de Nova recommande à ses actionnaires de rejeter l'offre hostile de barrick

NovaGold Board Recommends Shareholders
Reject Hostile Bid by Barrick Gold

Company Press Release via Market Wire
Monday, August 14, 2006

http://biz.yahoo.com/iw/060814/0153653.html

et contre attaque en justice , sur l'opa barrick/pioneer

NovaGold sues Barrick over misuse of confidential information in bid

http://groups.yahoo.com/group/gata/message/4048

ce qui a l'intéret de bloquer la fusion nova / barrick , jusqu'à ce que le procés soit jugé et réglé , ce qui peut prendre des années ..

Citation :

Bill,
I see from the Midas that there are many who think that Barrick can not be defeated. I think it has not been understood by many what a BRILLIANT move it was for NovaGold to launch litigation against Barrick. If a judge decides that the case has merit this effectively blocks the acquisition until the litigation is concluded which as we know can take years. If the merger were not to be blocked by this you would have the lawsuit as Barrick v Barrick which clearly is not admissible in the legal system!
Cheers
Adrian Douglas

Sprott asset management contre attaque , lui aussi .. il posséde désormais environ 5% du capital NG , qu'il estime tres largement sous évaluée ..




The support for Nova Gold in their effort to stave off Barrick Gold is building. Sprott Asset Management, the second largest shareholder in NG, increased their ownership position to over 5%, as they believe the stock is still undervalued. They filed a SC 13G statement yesterday on their increased ownership position, which is a solid vote of confidence in NovaGold and where their stock price is headed.

More…

Bill
This SEC filing today by Novagold in presentation form is the best defence so far against Barrick's hostile bid.

It contains much peer comparison info to spell out the true value of NG.

http://www.sec.gov/Archives/edgar/data/1173420/0001047
46906011020/a2172736zex-99_a2d.htm
Best
Alan

clive maund se joint à la partie aussi !

This comment from Clive Maund on the NovaGold/Barrick doings is a classic:

Citation :

Speaking of predators, a deeply comical aspect of this situation is that one of the best managed gold companies in the world is threatened with being gobbled up by one of the worst managed. If we lived in a perfect world, which we don’t, the management of Barrick would take early retirement and let Novagold’s management take over. Now THAT would be reason for a party.

It is important to keep in mind that this battle is about every gold company, not just NovaGold. If Barrick is defeated, it will hasten the rise in the price of gold, as it will force Barrick to scramble further regarding their WAY offside hedge position. .

http://www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&searchText=false&showText=all&actionFor=609282

Au : 20.6 Moz (+14%)
Cu : 8.5 Blb (+25%)
Ag : 117 Moz (+55%)

héhé ils se défendent bien ..contre l'offre ridicule de bourrique ...

nouvelle contre attaque de Nova , plainte contre Barrick / Donlin Creek projet - violation security laws

NovaGold fights back:

07:59 NG NovaGold Resources files suit alleging Barrick Gold has violated security laws (17.35)
The suit filed in district court in Alaska alleges that ABX has made material misstatements with respect to Barrick's interest in NovaGold's Donlin Creek project in Alaska. NovaGold currently holds a 70% interest in the venture through its subsidiary NovaGold Alaska; Barrick holds a 30% interest through its subsidiary Placer Dome U.S. Inc. Barrick has repeatedly stated that it will earn a 70% interest (reducing NovaGold's stake to 30%) by satisfying contractual back-in requirements on or before November 12, 2007. The lawsuit alleges that these statements are false and that Barrick cannot satisfy those requirements. The lawsuit seeks a temporary restraining order suspending Barrick's unsolicited tender offer to acquire NovaGold pending an accelerated judgment by the court regarding what actions are necessary for Barrick to satisfy those requirements. NovaGold is asking the court to order that the requirements include certain milestones (such as completion of an environmental impact statement, a bankable feasibility study and a construction decision by Placer Dome U.S.'s board) that NovaGold believes cannot be met by the contractual deadline of 12-Nov-07.

mauvaise nouvelle :


07:07 NG NovaGold Resources says court does not grant injunction to suspend ABX bid (16.47)
NG announced that the U.S. District Court for the District of Alaska has declined to grant a preliminary injunction to temporarily suspend the hostile take-over bid by ABX, but has made no ruling yet on the merits of the remaining motions. NG has requested an expedited date from the Court for a trial to decide the precise actions that ABX must take to satisfy the Donlin Creek Mining Venture Agreement in order to earn an additional 40% interest in the Donlin Creek project.
* * * * *

The Barrick response makes me want to throw up:

Barrick smiles over NovaGold's injunction denial

http://new.stockwatch.com/swnet/newsit/newsit_newsit.
aspx?bid=B-599801-C:ABX&symbol=ABX&news_region=C