Franco & Euro Nevada FN , EN Message Board

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Gold/Mining/Energy : Franco & Euro Nevada FN , EN

FN 446.58

+1.2%

2:00 PM EST

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To: billy who wrote (612)	10/6/1999 4:22:00 PM
From: Traveling Man	Read Replies (1) of 658

Billy, This verbatim quote is from the FN 1999 annual report, page 36 under "Risk Factors". "Franco DOES NOT HEDGE its gold production. Franco's shares act as a surrogate for the underlying commodity. If the price of gold is hedged, it removes FROM THE SHARES any financial protection that gold has to offer in times of financial upheaval." In other words,this company is operated in the best interests of the shareholders,Billy. They actually believe in the viability of their product. TM

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