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Gold/Mining/Energy : Barrick Gold (ABX)

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To: ForYourEyesOnly who wrote (1403)10/17/1999 10:03:00 AM
From: jack BROSS  Read Replies (4) of 3558
 
THANKS tora. EXCITEMENT
i an NOT convinced that BARRICK is HEAVELY hedge
one year from now is not dangerous, if they can buy reserves
which cost less 100$ to produce gold, that is where the SECURITY IS.
hedging 380$ IS NOT A BAD PRICE IF IT'S COST YOU 100 TO PRODUCE IT
hedging 330 IS A BAD PRICE IF IT'S COST YOU 240 TO PRODUCE IT and that the gold price is at 360-380 .

mr oliphant knows where he is going.
mr murphey (gata) works in a way for building
up the price of gold
i maintain that smart hedging has PAID barrick shareholders. and bad hedginging has cut off the neck of some CO (cbj. ashanti etc)
jack bross
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