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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 3:11:10 PM
From: Activatecard  Read Replies (1) of 436258
 
they need to reduce those hedges big time. At $347 spot this quarter, ABX mark to
market derivative loss should top 700 million versus 301 million loss at 324 spot last quarter.
At $400 spot, the loss could exceed 1.5 billion. Hope they don't have continued production problems -g-
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