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

To: russet who wrote (2599)	5/10/2002 9:46:00 AM
From: nickel61	Read Replies (1) \| Respond to of 3558

"evil intentions" "unpaid GATA supporter" one of us is loosing it, Russet..calm down..there is no need to loose control. The fact that Barrick is claiming they have fifteen years to deliver into their hedge book is not the point. I know they have claimed that and that you have fully bought into that as somehow comforting. What I don't understand is why you think that a Central Bank would be willing to allow them fifteen years to deliver. Or why shareholders would consider the continuation of unprofitable hedges being rolled endlessly into the future during a gold bull market as acceptable management behavior. If there is no bull market in gold, fine then I agree with you, but if gold is going up both the Central Bank is going to want their gold back and the shareholders are going to want Barrick management to clean up their underwater hedges. This is pretty basic after all and if you stop for a minute and rethink your stubborn resistance to the obvious I am sure even you and your side kick, Enigma will agree. Barrick management appears to be coming around to this realization with there reduction in the hedge selling to only 50% this year. Why not you two?