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Gold/Mining/Energy : GEOMAQUE
GEO 15.22+4.4%Nov 14 4:00 PM EST
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To: Claude Cormier who wrote (138)2/3/2000 4:19:00 PM
From: ogi  Read Replies (1) of 260
 
Thanks Claude; I was under the impression and so was the Nesbitt research I read, that these guys would not go cash flow negative, so much for their genius!What wasn't discussed as far as I know on the call, was hedging. Now I'm NOT MUCH IN FAVOUR OF HEDGING EVERYONE but could it or might it be a tool for improved performance at GEO. No doubt, any loan facility will require it. The last time I checked I know their hedging position was modest, but I don't know what it is now.
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