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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Nugget who wrote (8451)3/27/1997 9:35:00 AM
From: Richnorth   of 28369
 
To Nugget
From Richnorth

Dr. Dave Webb, President and CEO of Mongolia Gold, wrote in post #270 on the GMD thread,

"There is a plus side to getting Busanged.....think of all the gold that was being sold forward. Where is it gone now? How are they to cover?

"Naturally, not much was actually sold forward, but the impact of Busang had been factored into the markets. Great for us with the goods."

I suppose the last sentence says that the impact of Busang is great for those companies with proven reserves and for their shareholders.

Richnorth
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