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Gold/Mining/Energy : Battle Mountain Gold (BMG) -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (151)10/7/1999 10:57:00 AM
From: TheBusDriver  Respond to of 174
 
First email bounced back so I have sent it again with my personal email account. Could have been my company's gateway.

wayne



To: long-gone who wrote (151)10/11/1999 7:07:00 AM
From: TheBusDriver  Read Replies (1) | Respond to of 174
 
I could not make contact via email for some reason. I did get their 1998 statement from their website. Note 14 was related to BMG hedging activities.

“The Company has only limited involvement with derivative financial instruments and does not use them for trading purposes. Derivative instruments are generally used to manage interest rate, foreign currency exchange rate and commodity price risks. The Company had no material hedged forward sales contracts outstanding at December 31,1998......”

Don't know what they have done in 1999 but I suspect they will not have changed their position on hedging much in this year either.

Any ideas about why we had a selloff 1 hour before the close on Firday?

Wayne