SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?


To: Investor-ex! who wrote (1422)10/19/1999 10:52:00 AM
From: ForYourEyesOnly  Read Replies (1) | Respond to of 3558
 
1. Gold in the Ground
Is not equal to gold to pay back loans.

What if gold goes up enough to make the losses on the forward sales/calls exceed their annual revenue and cash on hand? Will the counterparties sit back and relax knowing that "they'll get it all out of the ground in 4 years"?

I think not.

2. They wouldn't kill the goose
Once again, look at what is happening to Ashanti and Cambior.

Cheers,

THC