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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: nickel61 who wrote (1492)	12/3/1999 1:11:00 PM
From: Investor-ex!	Read Replies (2) \| Respond to of 3558

Well, you obviously have a huge bone to pick with ABX. They're an easy, obvious target, but I've yet to see substantiation of any "wrongdoing" from you or anyone else, only baseless innuendo. ABX can cover from production, with room to spare, period. They can easily cover using ~25% of production over the next fifteen years, at current production levels. I don't know what their lease arrangements are and neither do you. Maybe rollovers are a problem and maybe they aren't. Management says they're not. Management says ABX has the most favorable customized lease contracts in the industry. If they're lying we'll eventually find out. If you're concerned about ABX, I suggest you either not invest in it at all or at least diversify a bit. If you're trying to warn away current or future ABX investors, you're efforts are much appreciated, but only to the extent that you can back up your accusations with facts. Cambior and Ashanti's hedging program and financial situation are not Barrick's hedging program and financial situation. Again, please indicate how they are the same, and provide links to your sources. There is a qualitative distinction to be made here. You apparently and simplistically believe hedging only equals bad. I think hedging may be good, bad, or neutral. Few things can be rendered in only black or white. May your investing be profitable.