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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Everest who wrote (1282)	6/29/1999 7:07:00 PM
From: Enigma	Respond to of 3558

Agree

To: Ron Everest who wrote (1282)	6/30/1999 8:49:00 AM
From: Edmund Lee	Read Replies (2) \| Respond to of 3558

Hedging program. I am also a share holder of ABX. I understand that ABX is a sound company making a lot of $$$ because of its hedging program. If the company unwind its hedging program now bit by bit. The company will make approx. $4 plus each share for its shareholder. This action will also support the price of gold unless the management think that gold will go further down. ABX shareholder had not been benefited by ABX hedging program for its share price rise and fall with the POG. By unwinding its hedging program, the profit is realize immediately and we may even be able to enjoy a special dividend say $1 if the management so wishes to. Only this kind of action is beneficial to the shareholder. Holding on to the program may prove to be unwise at this price level (gold). Just a thought.