Hot off the presses!!! news scoop from Ted Butler!!
ted butler (Jack - no, this just in) ID#317184:
Copyright ¸ 1999 ted butler/Kitco Inc. All rights reserved
Here's the just released minutes of the Ashanti workout deal. The players -Goldman Sachs and the 16 other counterparties ( GS ) . Ashanti management ( AM ) . Ghana government ( GG ) ;
GS - We've got a problem here
AM - What problem?
GG - What do you mean "we"
GS - You have a $500 million margin call
AM -What's a margin call?
GG - You've got a margin call, GS, not us
GS - How much can you pay?
AM - We have $30 million
GG -Shut up AM, and sit in the corner. We can pay nothing,GS
GS - Very well, you have to cut wages to make up the shortfall
GG - We're not cutting wages, GS
GS - OK, we have to take a bigger piece of the gold revenues then.
GG - We're not taking anything less than we were getting
GS - OK, we need a bigger stake of the company
GG -Take it from someone else, not us
GS - OK, we'll take it from the public shareholders
GG - We don't care
GS - Good, let's make this look like a good agreement
GG - Make it look anyway you want
GS - OK, we're agreed and congratulations on the workout
GG - Go away and stop sending your stupid margin calls, we're not paying
GS - Of course, if gold goes up, we still have a problem
GG - You've got a problem. Come back and we'll feed you to the lions. |
