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Gold/Mining/Energy : SOUTH AFRICAN MINING
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To: POLARBEAR who wrote (463)10/11/1999 12:05:00 PM
From: goldsheet  Read Replies (1) of 472
 
> Hedging on the gold price: prudent or taking a gamble?

Depends on how much and how it is done.

Durban did it right on September 30. They had a very clear goal on how they were going to use the proceeds, they used basic hedging methods nothing fancy that would get them into trouble, and it was a small percentage of production (<25%) and reserves (<10%).

edata.co.za
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