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To: Enigma who wrote (43786)10/25/1999 11:12:00 AM
From: ali  Respond to of 117050
 
Because today is Oct.25 (deadline extension ends)



To: Enigma who wrote (43786)10/25/1999 11:16:00 AM
From: PAUL ROBERTSON  Read Replies (1) | Respond to of 117050
 
dd,

if i have not missed anything, and i may have, who ever ends up with the ashanti has, i would have to figure, about 300 tonnes of metal to cover. Ashanti as i've read is short 380 tonnes. The banks and or whomever are not going to continue on as did ashanti with the hedges in place. Sounds about in line with the lending capabilities of the Russians and the Kuwaities combined. What a facinating market to observe as the Fed calls in these administrative favors.
Hope that i am correct in my assumptions.

paul