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Gold/Mining/Energy : Barrick Gold (ABX)
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To: nickel61 who wrote (2749)5/16/2002 2:02:28 PM
From: goldsheet   of 3558
 
> not too many people who expected Newmont to report a hedging loss - $411 million as at the end of March

I did. I wsa talking about it before Newmont and Anglogold even finished fighting over Normandy. I also proposed taking all of the cash from Franco Nevada and spending to close the hedges to claim they were "hedge free" was not going to happen. I proposed delivering production into the hedges was more likely, and that is exactly what Newmont decided to do.
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