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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Enigma who wrote (3501)11/1/2005 3:34:11 PM
From: tyc:>  Read Replies (1) of 3558
 
Here's an interesting point about PDG hedges, perhaps. I think I heard Wilkins mention on ROB TV, that although for Placer the hedge book has a mark-to-market loss, ABX will be "buying" the liability at current prices (of course). This eliminates the mark-to-market loss; it will not increase Barrick's mark-to-market loss. Any increase or decrease in m-t-m losses will presumably be measured from the market price at settlement of the takeover.

Do you see it this way, Russett ?
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