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Gold/Mining/Energy : TVX Gold -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (719)10/25/1999 10:27:00 PM
From: darcy  Read Replies (1) | Respond to of 905
 
Re: Hedge Positions and TVX:

Two things disappoint me recently.

1) TVX's Normandy stake leaves them vulnerable to losses if gold really surges and creates big leveraged losses for hedgers.

2) I was enough of a rookie when I bought TVX at CDN$5 that I took some newsletter's word for it that TVX was a good pure play on POG rising. That is to say, I was not due enough in my diligence. Or, rather, I'm paying my dues by learning about diligence...

Jeepers,...



To: SwampDogg who wrote (719)10/27/1999 9:12:00 PM
From: POLARBEAR  Read Replies (1) | Respond to of 905
 
Several weeks ago I emailed TVX directly, inquiring about their hedging. They never even bothered to reply. I dumped all my TVX and added to my DROOY and HGMCY positions. If a company can't provide accurate information to its shareholders, then I'll go elsewhere with my money.

Sincere best of luck to TVX shareholders. If gold dumps, maybe the hedges will cushion the losses.

PB


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