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To: 200ma who wrote (108747)	6/14/2001 4:46:34 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 436258

ASL is AGAIN hedged up the wazoo...at the moment, their hedge book has a positive mark-to-market value of about 130 million...but another 20 dollar rally, and they're back in the red. i wouldn't touch them with a 20-foot pole...HOWEVER, there is a very credible rumor going around that GOLD is going to take them over. the current major shareholders (Lonmin, 35%, Govt. of Ghana, 20%) both have declared their willingness to divest (Lonmin wants to concentrate on platinum and the govt. of Ghana is strapped for cash), and for Goldfields it would be a major coup...ASL has 48 million oz. in proven reserves. of course, if they take over, the ugly hedge book will be closed out.