Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (31055)	4/8/2003 1:01:08 PM
From: sciAticA errAticA	Read Replies (2) of 74559

re: Midnight Report May I infer you prefer African miners? AU's hedge book appears a pronounced weight around its neck, though they're talking accelerated reductions, which is now the fashion in the industry. As to unhedged HMY, the proposed Draft Money Bill appears particularly hard on them: harmony.co.za And unhedged GFI (where I hold a position) has announced a payment program for AIDS Anti-Retroviral Therapy (cost $3-5 per oz) that probably displeases investors, though all 3 SA Majors will likely pick up the tab eventually. Do you follow miners based elsewhere?

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