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 (63)	6/23/2002 12:55:36 PM
From: tyc:>	of 158

>>So Northgate gets none of its money, but is is invested by someone else just in case.... What utter nonsense. It is NOT Northgate's money! It is the money the bullion bank got by selling gold that they borrowed from the central bank. I don't understand what you were implying by "just in case...." >>and they pay for it at commercial rates. What they pay for is Brascan's guarantee, and the amount they pay is .5% (point five percent) of the amount of the margin requirement so guaranteed. Why do you continue to try to put a negative spin on this? Commonly called "bashing", I suppose. No LTCM is not in on this deal !

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