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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Zardoz who wrote (2012)2/7/2000 1:05:00 AM
From: Enigma  Read Replies (1) of 3558
 
Exactly - they also have 75% of reserves unhedged. A few years back they had some debt instrument - gold related -extrememly low coupon which took them about 10 years out in production. I think 'gold backed debentures' as such are still illegal in the States and Canada - but the instrument they devised must have been within the present law. I think people are too focused on the next few years and not looking at the overall strength of this company. And words like 'despise' betray too much emotion and too little investment cool. Especially coming from the usually sanguine Mr. Winter!! d
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