Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: goldsheet who wrote (95548)	7/7/2003 7:39:09 AM
From: IngotWeTrust	Read Replies (1) of 116753

time will tell...however, 40c on the dollar or you get nuthin'...is a pretty good gambit. If you recall, Yandall and al were discussed at the time of take out of normandy as meeting the very fate to which they are currently being meted. I do not agree that NEM is not walking their walk. Banks foreclose all the time, such as the headlock Ashanti went through after they bit the bullet and it took 15 int'l banks swapping terms for a chunk of real estate. Just because we don't know NEMs end game just yet, doesn't mean NEM isn't "walking the walk." They are just using a play from the playbook that isn't customarily "called in from the sidelines" on 1st and 10. I personally am as fascinated seeing this "playbook play" as I've been watching the Ashanti story unfold all these years. NEM had no "obligation to shed hedges under $300" as you suggest they "should have." The FACT they did not do so, should indicate another strategy was afoot, albeit the current 40c on the dollar strategy currently on the table with the counterparties. Frankly, I'm a current admirer of NEM and continue to be.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next