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Gold/Mining/Energy : Gold Price Monitor
GDXJ 90.35+0.4%Nov 6 4:00 PM EST

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To: Zardoz who wrote (49258)2/18/2000 7:55:00 AM
From: long-gone  Read Replies (2) of 116753
 
<<And: Every time a gold's rally fizzles, it's a conspiracy to drive the POG lower? >>
When it quacks like a duck:

Friday February 18, 5:13 am Eastern Time
Ashanti wins hedge book margin reprieve
LONDON, Feb 18 (Reuters) - Ghanaian mining company Ashanti Goldfields Co Ltd has won a reprieve from its hedge counterparty banks from posting margins calls on its loss-making gold derivative contracts, a company spokesman said on Friday.

Ashanti, which clinched a rescue deal based on a reformed board earlier this week, previously had a standstill agreement with the parties that expired on February 17.

The company gave no further details of the hedge book deal
(CONT)
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