SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brian MacDonald who wrote (330)10/6/1999 8:09:00 PM
From: The Barracudaâ„¢   of 922
 
We now know who the bag holder is going to be and it's the bullion bank. Today's Ashanti work out puts Ashanti's banker on the hook for the dough. Ashanti's style has been crimped for sure, but it's the bullion banks that are stuck.

The work out as I understand it will put a lot of pressure on Ashanti to close out its hedges as quickly as possible. What this seems to imply is that the juniors day has arrived. The producers will be looking to expand production and acquire properties to close off the hedges, this makes the unhedged and exploration property golds very valuable to the entire financial system. The juniors are going to explode.

Riches, luxury and opulence await the penny gold shareholders.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext