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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Broken_Clock who wrote (216244)1/23/2003 2:55:40 PM
From: Tommaso  Read Replies (1) of 436258
 
OK I found it. But they will be delivering 4 million ounces that they could have sold at maybe 120 million dollars more than what they are getting if they had not hedged (I have not looked up the actual figure at which the hedge was established). Now that doesn't hit the company all that hard, but I'd still rather be in a company that is getting full benefit of every rise in the POG.
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