Ride the Tiger with CD 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.

Strategies & Market Trends : Ride the Tiger with CD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Vet who wrote (12590)	9/3/2004 6:07:22 PM
From: tyc:>	Read Replies (2) of 312379

Gwalia's problems were caused not by the hedges, but by a failure of reserves resulting in a breach in the covenants of the hedge. (This implied that future production would not be sufficient to satisfy the hedges). What has that got to do with Barrick ? Barrick clearly states what percentage of production is used to satisfy (close) hedges each year. Moreover, Barrick's hedge covenants allow them to postpone the closure of the hedges if they so desire. Are you suggesting there is a problem here ? Why not just say that you don't like hedging instead of implying some mysterious problems or obfuscation ?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next