Barrick Gold (ABX) Message Board

STOCKTALK

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 : Barrick Gold (ABX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Enigma who wrote (1395)	10/14/1999 1:13:00 PM
From: The Barracuda™	Read Replies (1) of 3558

I'm getting bored w/ this too. robert The conference call? Ted Butler's comment; ted butler (Barrick Conference Call) ID#317184: Copyright ¸ 1999 ted butler/Kitco Inc. All rights reserved Call just ended - lasted an hour and a half. While I didn't get to ask a question ( wonder why ) , 95% of the questions were about hedging. Particularly tough questions from the guy from DLJ and girl from Salomon. Bottom line - now up to 18 million ounces sold ( 14 million forwards 4 million calls ) Plus there seems to be more short term calls, but they wouldn't answer the Leanne Baker's question. Mark to market down to 100 million, so drop to 9/30 looked bigger than I estimated - looks closer to 650 million drawdown. That was as of quarter end, so at 320 gold, they are now 250 million negative. Of course, none of the analysts thoughtn to ask or comment on this, but hey, give them time - they just woke up. Barrick sold 1.5 million more ounces in the 3Q, below their cost of production. These guys don't have a clue - they say the short doesn't matter. They should talk to Ashanti.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next