SI
SI
discoversearch

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 and Silver Mining Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: goldsheet who wrote (606)2/13/2001 4:49:21 PM
From: russwinter   of 4051
 
This in from UBS Warburg quoting the Australian Financial Review:

Centaur, the Aussie gold producer may be going into voluntary bankruptcy. According to company quarterly from Dec, 2000, they had 1.6 million oz. hedged and 2.6 million * committed and hedged.

* Not exactly sure what those double figures mean; hedged versus "committed" and hedged, but this is the sort of thing that I see coming regularly. The question is of course about continued production to deliver the gold, but the creditors may have to do that, and I don't see it as likely. If that's the case, then positions will have to closed out and that means substantial buying pressure.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News