Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: W PAUL who wrote (588)	2/11/2001 7:11:40 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 4051

W PAUL, <<suddenly so down on Harmony>> Maybe it's a disappointment, a failure of religious purity? Now even the most pious of the miners falls from grace? I don't think Harmony wanted to buy the puts, the bankers that needed to protect their ass insisted. Harmony buying puts is just increased cost from their perspective. However, in difficult times, one must do difficult things. Time will tell the impact on value, but buying puts isn't the heresy many believe. There were also recent concerns that Harmony would not give a dividend this quarter. Harmony issued the dividend. Did those folks buy HGMCY back? Probably not, most just like to worry. <VBG>