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

To: russet who wrote (2448)	5/1/2002 11:35:30 AM
From: Enigma	Respond to of 3558

Always someone looking for dirt amongst the glitter!

To: russet who wrote (2448)	5/1/2002 11:44:46 AM
From: Enigma	Read Replies (2) \| Respond to of 3558

IMO the extremely positive market response to Barrick in recent weeks following the Peruvian discovery is the realisation that the company will be adding to reserves, probably in a substantial way, through internal growth. And the hedging programme has given it the balance sheet resources to expand in a big way now. As I've said before insider selling especially where optioned shares are involved is a red herring in light of tax rules which I don't suppose I need to go into yet again.