Birim Goldfields Inc. (BGI-T) Message Board

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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)

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To: Brian MacDonald who wrote (323)	10/6/1999 9:05:00 PM
From: Buckey	Read Replies (2) of 922

Am I missing something here. I though the intention of the hedging by these Gold producers was to give stability to future income by locking in sale prices of future production. CBJ issued a similar NR today. It appears as if these guys got way to cute on both sides and were trying to make money in addition to just securing a stable reveenue flow. Maybe I am miising something here and I have some math to wrok out - especially on the CBJ news. These guys got burned by being too risky

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