Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Investor-ex! who wrote (1414)	10/19/1999 6:35:00 AM
From: ForYourEyesOnly	Read Replies (1) of 3558

Hi Investork-ex! "Later on in the conference call, they said they would experience a slight increase in margin at prices above $600/oz, but this would be insignificant in relation to the increase in cashflow from their unhedged annual production at the higher prices. " Do you believe that? If Barrick is not responsible for covering the margin on a position that is BILLIONS in the red, who is? I don't think that Santa Clause trades futures, so someone will have to cough up a boatload of cash if gold goes to $600. Buyer beware! THC

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