Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (7564)	3/4/2006 3:41:04 PM
From: tyc:>	Read Replies (1) of 78410

No, Tom, the loss related to "the second quarter close-out...etc". They closed out a lot of fwd sales in the second quarter of '05 , but the related loss will be apportioned to future quarterly results as if the hedges were closed according to the original schedule. As I recall, at the end of december, only $136,000 of forward sales actually remain to be closed out. They haven't decided when they will actually close them out.

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