SI
SI
discoversearch

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.
Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (85573)2/16/2001 6:31:35 PM
From: re3  Read Replies (1) | Respond to of 86076
 
tips, i thought harmony bought the pootskies to facilitate some financing. given your concerns about asa (au doesn't worry me yet but that's just me) maybe GOLD is the place to be. if you can go for canadian golds, i like franco nevada.
i think heinz' fcx suggestion is excellent. finally, while the junior golds might not be your cup of tea, i'm not too uncomfy with some tvx (after all gabelli is there). newmont may be far from the best gold out there but it sure rock and rolls when j6p wants some gold...it was up 90 cents today, ho ho...



To: yard_man who wrote (85573)2/16/2001 8:45:06 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 86076
 
tippet,

I am not going to worry about AU. The management has not hedged the whole farm, just part of it. Which in my opinion says they are bullish on gold. If they were bearish on gold they would hedge a lot more.<g> What I did with my basket of capital I wanted to put in gold was to put 50% in AU and 50% in GOLD, HGMCY with a small percent in the infinite stock call option DROOY. Thank god I used the thirds strategy to get these positions. Believe it or not I am ahead on one of these rascals.

In my opinion these stocks are still cheap. I just wish the market would see things my way.

Joan



To: yard_man who wrote (85573)2/20/2001 11:58:46 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
buying puts is materially different from selling forward - it doesn't inhibit upside exposure. Harmony also tend to close out the hedge books of takeover targets once they are integrated.

besides, GOLD just closed out its remaining small hedge that belonged to its Ghanaian Tarkwa operation....they are now COMPLETELY unhedged.

so there's your answer...