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 101.44

+3.5%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: lorne who wrote (63414)	2/6/2001 7:00:39 PM
From: russwinter	Read Replies (2) of 116756

This is an example of the typically bearish spin commentators put on something that has already happened. A glance at AU's year end hedge position reveals that they are already hedged in those years with 16,719,000 oz. in forward contracts and another 3,054,000 oz. in call writes. As 2001 production is estimated to be 7.1 million, (incidentially that's down from 2000's 7.24 million) they will have to increase output to 8.0 million a year, just to keep up with their present delivery requirements, if they wish to hit their stated 50% guidelines. IMO it is more likely that AU will not hedge another ounce for at least a year. In fact I'm skeptical that they can maintain even current output levels without a major merger or purchase. Message 15293915

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next