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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Tommaso who wrote (232)12/11/1997 12:33:00 PM
From: xdll  Read Replies (1) of 3558
 
I guess what I am really asking is am I getting all the downside here as POG sinks, but will not benefit from all the upside later on if POG rises above the $430 mark... If they have the foresight to close out the contracts before any big move up great but assume not. I realize that right now, I am benefiting from lower risk as ABX will be in reasonably good financial shape for the next few years as a result of the hedging. But does anyone have a feel for how much the market will discount out the hedging v. future production(not hedged) should the POG rise above the hedge price?

thanks in advance,
x
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