Century Mining Corporation Message Board

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Gold/Mining/Energy : Century Mining Corporation

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To: Golden Nugget who wrote (347)	1/19/2007 10:48:53 AM
From: hubris33	Read Replies (1) of 545

Hey GN, I think I know that one. >>>Having said that, do you or others know if the gold sales are sold forward? Plse tell me they're not locked into a sold forward position below $600.<<<< From the 3Q report: Note 15: At September 30, 2006, the Company had nil (2005-14,250) ounces of gold to be delivered under forward contract. So unless management got scared during October and sold some gold forward it is pretty safe to bet that none is sold below $600! [Looks like the price was last below 600 at the end of Oct.] I hope management keeps out of forward sales, at least until we get a price spike. Sure would not mind them buying a collar ona spike to $1000. H3

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