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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS)
SWC 18.000.0%May 12 5:00 PM EST
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To: Bob Howarth who wrote (971)10/15/1999 6:50:00 PM
From: Bob Howarth  Read Replies (1) of 1336
 
Dear SWC management. NO more additional HEDGING!!!!!!!! Don't even think about doing this. If you get the itch, go on corp paid vacation as it will be a lot cheaper.

PS: In CC IR person said (according to DOW Jones story) 1.50 next year sounds just fine. WOW! 24/1.5 = only 16. Better to produce less now and wait for much higher prices later. I think market has way too low per ounce future selling price in PGM metals. Take your time SWC and do it right!
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