Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Anchan who wrote (9083)	4/13/2006 2:28:39 PM
From: LLCF	of 78426

< But then they might lose those $25 million in hedging arrangements.> Well, presumably the new hedge would make up for all that... ie. the new debt facility will include a higher hedge price, still, I can't believe they are stupid enough to allow the banksters pull the deal and make them cover because a contractor pulled out or a variety of other reasons... just empowering others. Just another example of 'hedge risk' we talked about. I would think that normal banking arrangements would simply include expensive penalties when the loan comes due. Pitty. dAK

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