NORTHGATE EXPL (NGX.TO) Message Board

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Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO)

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To: E. Charters who wrote (59)	6/23/2002 12:25:04 PM
From: tyc:>	of 158

>>Are you saying that Northgate got its money completely unsecured Please tell me what I said that led you to this conclusion. On the contrary, I said that Northgate's margin requirements are guaranteed by Brascan Financial. (Just typical of you to imply false statements to others). "Northgate got its money"... I keep telling you that Northgate did NOT get its money. It has been invested by the bullion bank to ensure it will be there when NGX produces the gold. Of course the BB needs protection in the face of fluctuating gold prices. That's why there are margin requirements. And these are guaranteed by Brascan Financial (at a commercial price to NGX).

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