Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Gary Sanders who wrote (3107)	6/1/2002 1:20:15 PM
From: nickel61	Read Replies (3) of 3558

Well we will not have any "proof" of the true nature of the contracts that Barrick has used to hedge 18 million ounces of gold with until they either fail or the management chooses to make them public information. What do you expect to prove the existance of a problem except the details in the contracts? The market is starting to suspect something is up with the exposure as gold rises and Barrick continues to lag or as on friday actually decline. This is a pretty significant indication that there is something rotten in the state of Barrick's hedge book.

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