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

To: re3 who wrote (1616)	12/18/1999 12:52:00 PM
From: Enigma	Respond to of 3558

Like all other companies gold miners have managements - who use their best judgement about their company. You might invest in a company one day thinking it does not hedge and the next day it might change it's policy and start hedging. I can't rememebr which one - either HM or NEM - one of them this happened recently - or the reverse. And I saw in the last couple of days that Agnico Eagle - that bastion of non-hedgers has taken out a line of credit which is available, amongst other things, for 'hedging operations' and since this is the Barrick thread I will repeat that you shouldn't be stuck in the recent past while evaluating this company - its future growth will come through mine development and acquisitions - just watch. In assessing the quality of a company you have to look at its management. And like a golfer or artist what's important is the next round - the next painting.