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Gold/Mining/Energy : TVX Gold

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To: SwampDogg who wrote (719)10/25/1999 10:27:00 PM
From: darcy  Read Replies (1) of 905
 
Re: Hedge Positions and TVX:

Two things disappoint me recently.

1) TVX's Normandy stake leaves them vulnerable to losses if gold really surges and creates big leveraged losses for hedgers.

2) I was enough of a rookie when I bought TVX at CDN$5 that I took some newsletter's word for it that TVX was a good pure play on POG rising. That is to say, I was not due enough in my diligence. Or, rather, I'm paying my dues by learning about diligence...

Jeepers,...
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