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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (61466)	11/29/2000 5:26:52 AM
From: d:oug	Respond to of 116762

The Gata Grape Vines - Aussie Gold Producer Problems Continue... DownUnder problems most likely are not connected to those recent internet UnderWater problems that seem to plague the Le Metropole Cafe whenever their menu contains lots of new pro-GATA succulent fair, as early this week as many Café members never received notice of Café servings, or they arrived 8 hours late. aSoon this type of stuff will cease when the concrete just poured changes from a state of liquid to that knowned as set in concrete solid and its usa prez bush aTime. But now, in a place where the weather is the flip of usa's. ... are starting to crack down on the gold producers regarding their hedge books. Key points here: 1. For a very long time GATA has stressed that credit problems would surface with the Aussie gold producers as bankers reviewed ALL types of loans. The riskiest loans of all at the moment are the gold loans. 2. Note: "high stripping rations and low grades" Because of the low gold prices, mines have been "high grading" or going after the highest grades of ore in the ground. That has allowed many companies to show lower cash costs and greater profitability. But... you will have to pay the fiddler. High grade time is diminishing. Another Ashanti type of hedging fiasco in Australia?