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Gold/Mining/Energy : Silver prices

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To: Archie Meeties who wrote (2341)11/24/1999 5:03:00 AM
From: Jaakko  Read Replies (1) of 8010
 
On PAAS hedging strategy:
Message 11935800
I remember reading somewhere else that their loans actually require some hedging.... does anybody have any specifics on this?

I think they try to use non-recourse loans and try to spread the risks by issuing shares to institutions like IFC to improve the risk/reward ratio of investing in Russia.
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