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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (2297)	4/1/2002 9:21:01 PM
From: russet	Read Replies (2) \| Respond to of 3558

"would the market value it higher if it didn't hedge ?". Thats the question I was trying to answer for you (gggggggggggg). Barrick has one of the highest P/E's of the majors and it has been that way for many years which suggests that the market does value Barrick higher than most of its peers,...even nonhedgers. As we are bearing our hearts now, I will point out that I do not have any ABX except what I own through my holdings of XGD.t, and exchange traded gold fund (23 % ABX). Speculation is in my blood, and I can't help but gamble on the juniors (gggggggggggggggggg) Now wait until you see my next post I've been working on and we may really have some fun although I will have to answer tomorrow as I'm behind in my DD for tonight(gggggggggggggg)

To: tyc:> who wrote (2297)	4/2/2002 5:51:19 AM
From: nickel61	Respond to of 3558

This is after all the main reason why many of us are criticising American Barrick. Whether with intent or not its actions have abetted those that have driven the market price for gold to such low levels. The light of public scrutiny is harsh when it finally understands what is happening. Enron is finding this out as have their auditors. It is rapidly approaching the banking relationships of JP Morgan/Chase and the sixty four dollar question remains, is why a man smart enough to understand all this and deal with the same tough minded bankers from Morgan/Chase that Enron was dealing with, namely American Barricks Chief Financial Officer, why does he own no shares in American Barrick if the situation is as you suggest, so well under control. Ask Ken Lay if he wishes he had sold even more of his stock. The future is uncertain, but I am certain that American Barricks's Cheif Financial Officer knows more of these matters than any of us do, and he has voted with his feet. My friend that is telling, desires for young corporate men to want to buy farms and other fairy tales aside.