Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: terry richardson who wrote (34067)	12/3/2003 6:03:27 AM
From: jrhana	Read Replies (3) of 36161

<"........Sokalsky said they are in no hurry to cover their hedges. Brilliant, Jamie. Let other hedgers cover their forward sales first. Let THE STALKER ramp up gold another $25 before you cover. I cannot recall another gold producer announce coming buybacks before they have done them. Makes no sense. Why not take a chunk of your cash on hand (over $2 billion) and cover a significnt part of your hedged position and then announce it to the investment world? Something is VERY wrong here...."> I would have to hope that Barrick has surreptitiously bought some call options. They have done similar ploys in the past. The best assumption is that Barrick is not stupid. Speaking of stupid I wonder K&K otherwise know as nit and wit (Kudlow and Kramer) are saying about shorting gold now. poetic license taking for the sake of visual alliteration

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