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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: goldsheet who wrote (1359)6/11/2001 5:02:31 PM
From: marcos  Read Replies (2) of 4051
 
I just could not understand Barrick's hedging ... while not that great at maths i think i have average intelligence, and gave it serious time and effort ... couldn't wrap my brain around the whole picture ... plus they tell you straight out that they will not reveal the terms of all contracts [this was over a year ago] ... so i blew it out ... after being a long-term holder, had to overcome considerable brand loyalty to do so ... the only major that interests me now is fn.to

But you make good points about hedging - it's quite variable, both in kind and in degree ... and the banks require it for any debt facility now, so good luck trying to build a mine without any ... still, the less of it the better, generally speaking, and therein lies the beauty of juniors with proven reserves and no debt.
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