Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Enigma who wrote (44868)	11/12/1999 12:10:00 AM
From: Exsrch	Read Replies (2) of 116764

The person replying to DD said the following: WHAT's YOUR PROBLEM DD DUDE??? LAST I READ, ABX HAD 25% OF THEIR RESERVES HEDGED...... THEY HAVE A MASSIVE DEPT. DEDICATED TO NOTHING ELSE BUT HEDGING. OTHER QUALITY GOLD STOCKS HAVE 0 TO MAX 10 % OF RESERVES HEDGED. IF YOU BELIEVE IN A HIGH POG, ABX AIN'T THE PLACE TO BE...... IF YOU LIKE THE STOCK, THEN BUY BUY BUY....... BYE BYE The truth is ABX has three (3) people in their hedging department. If you don't believe me call ABX. Your correct on the percentage of gold hedged by ABX; however, you fail to consider other factors: - ABX has 50+ million ounces in reserve plus additional gold to be added to reserve via new exploration (see SEC filing or Merrill Lynch weekly reports). The aggregate $$$ in the ground is much larger than those hedged at 10%. - ABX has over US$600 million in cash with (effectively) no short term debts. Examine ABX's balance sheet. The 25% of reserves hedged is not a greater risk in view of their balance sheet in totality. In fact you won't find a better risk than ABX from a balance (or risk management) sheet perspective when comparing % of reserves hedged. Exsrch -

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next