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

To: nickel61 who wrote (1502)12/6/1999 8:49:00 AM
From: Enigma  Respond to of 3558
 
Basicly your premise about hedging and Barrick seems to go something like this - Ashanti got into trouble - its hedging programme was difficult to understand - Barrick's hedging programme is difficult to understand, so ipso facto it must be likely to get into trouble too. Rather like the old saw - a Pekinese is a dog therefore all dogs are Pekinese?



To: nickel61 who wrote (1502)12/6/1999 8:50:00 AM
From: Bob Howarth  Respond to of 3558
 
Dutch gold sales. Look out below. Guess ABX is right with its hedges. What a lousy business. ABX should buy SWC to get some diversification into PGM!



To: nickel61 who wrote (1502)12/6/1999 9:11:00 AM
From: Enigma  Read Replies (1) | Respond to of 3558
 
Basicly your premise about hedging and Barrick seems to go something like this - Ashanti got into trouble - its hedging programme was difficult to understand - Barrick's hedging programme is difficult to understand, so ipso facto it must be likely to get into trouble too. Rather like the old saw - a Pekinese is a dog therefore all dogs are Pekinese?


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