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To: Enigma who wrote (83847)3/28/2002 3:24:56 PM
From: Greg Ford  Read Replies (1) | Respond to of 116780
 
ABX disclosed their hedge book value at December 31, 2001. Based on that information they are underwater somewhere around $300. Since they have some 20 million ounces hedged that means you can esitmate the impact at $325.

Greg



To: Enigma who wrote (83847)3/28/2002 5:42:10 PM
From: Ken Benes  Read Replies (1) | Respond to of 116780
 
The markets may in fact be indicating a vulnerability in abx by what appears to be its lagging share price.

Ken