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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.34

+3.7%

Jan 5 4:00 PM EST

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To: Ken Benes who wrote (49271)	2/18/2000 11:40:00 AM
From: long-gone	of 116842

From a friend: Well, now isn't that speeeeecial: $570 mil under water in their wrong way hedgebook loss so far, and they just added $100m to their indebtedness via this loan that will be used for non-specific purposes. Anybody able to read this can see what aformally acknowledged $670m in indebtedness coupled with a margin free futures and options "credit-line no-limit" in a rising POG environment will do to this company. The only ways out of this mess are: 1) deliver gold into hedgebook 2) buy back gold on open market to close position 3) do more strange stuff in the options market and worsen their original posture 4) get taken out 5) re-arrange the current BoD and divert everyone's attention again and transfer the legal fiduciary responsibility to 6 MORE new faces 6) ignore it and it will all go away while Ashanti's indebtedness gets bigger and takes the stock back down to below $2. Guess what the 17 bank cabal choice is?

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