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To: Lightning who wrote (44290)	10/29/1999 9:20:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116759

a lot of these posts re hedging neglect to mention that for the most part these producers can always cover if they see the light at end of tunnel

To: Lightning who wrote (44290)	10/29/1999 9:25:00 AM
From: Winzer	Respond to of 116759

<< I find it hard to believe that a company with anyone worthy of the title CFO would be stupid enough to write X million ounces of American-style call options when their annual production is some small fraction of X.>> Most CFO's are no match for the "BS baffles that brains" from the bullion bankers. Why didn't Ashanti's & Cambiors bankers warn them that what they did was unacceptable. Or maybe they did, in which case, where do we go from here? Not more paper! Winzer