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

To: Alex who wrote (723)	10/28/1999 10:15:00 AM
From: Edmund Lee	Respond to of 905

My email to Mr Hansen yesterday, With reference to 1998 company annual report stating that the $250 million notes include a provision for a further payment on maturity if the gold price increase above the reference price of $362.15 per oz. Does it implies that the company had sold forward 690,321.68 oz at the reference price? If it means what it looks, the "further payment" is 6.9 million dollar on every $10 increase above the "reference price". I hope you can enlighten me on the subject. Yours truly, Ed Lee Long time shareholder and am holding 63,000 shares at the moment. still waiting for reply.