Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: russet who wrote (2983)	5/22/2002 5:32:13 AM
From: nickel61	Read Replies (1) of 3558

The market will prove it as Barrick's hedge book posts the $21 million loss per $1 dollar increase in the price of gold that is as of today in the last six weeks $210,000,000 more loss in Barrick's hedge book since they reported their quarter end March 2002 reported just two weeks ago!!!!! The gold price in their projections was $308/ounce now this morning it is $318/ounce Quarter Billion dollar loss here a Quarter Billion dollar loss there and eventually it all adds up to real money. So you are willing to never post again once Barrick implodes? I will take that bet.,

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