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Gold/Mining/Energy : Campbell Resources (CCH) -- Ignore unavailable to you. Want to Upgrade?

To: Fuller who wrote (195)	10/12/1999 11:36:00 PM
From: Tom Smith	Read Replies (1) \| Respond to of 209

Thx for the info....I presume that since they didn't mention 1999 and 2000 CCH is unhedged until 2001? Any noise about activation of mexican mine?

To: Fuller who wrote (195)	10/14/1999 12:16:00 AM
From: Randall E. Brubaker	Respond to of 209

So: 53,000 OZ at $350. As a worst case scenario, if gold shot to $500 and the calls were exercised immediately, they might have to come up with 53,000 x $150 to cover, or about $8 million, assuming they don't have 53,000 oz on hand. This would be an expensive lesson, but based on cash in their balance sheet they would survive, and probably much more at such a gold price. I would prefer that they get those calls back ASAP, even though they will have to take a loss to do so. Conditions in the gold market have changed.