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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (357)	6/24/2000 12:17:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 4051

> One camp may comprise of unhedged producers including the new Gold Fields International, Newmont and Homestake Mining of San Francisco. It is interesting how Homestake often get put in the unhedged category, when reading their annual report reveals otherwise. They have 1.4 million ounces of various contracts. Relatively light hedge - yes, unhedged - absolutely not ! Forward sales contracts: 514,280 Put options owned: 190,000 Call options written: 175,000 Call options purchased: 160,000 Australian $ denominated contracts: (1) Forward sales contracts: - 100,400 Put options owned: 240,000

To: Archie Meeties who wrote (357)	7/11/2000 9:11:26 AM
From: russwinter	Respond to of 4051

If the new Goldfields/FN takes ASL's hedge book in a deal, it would seem likely they would liquidate it. No hedging is the stated goal of both of those companies. Bullish implications for POG? Potential problems for the bullion dealers? No love lost between the dealers and Thompson of Goldfields and Lassonde of FN. I can hear the phone call now, "Here's our check, now deliver our f---- gold! Indeed, I smell a potential ambush. S Africa's Gold Fields said to be in talks on Ashanti assets Johannesburg--July 10--South African gold producer Gold Fields Ltd. is rumored to be in talks with Ghanaian government officials that could see it take control of Ashanti Goldfields' non-Ghanaian assets and its hedge and debt position. Although Gold Fields officials would not comment on the speculation, a source close to the deal told I-Net Bridge that Gold Fields had made proposals to the Ghana government recently and were "very favorably received."