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

To: nickel61 who wrote (2795)	5/17/2002 9:05:19 AM
From: tyc:>	Read Replies (3) \| Respond to of 3558

I am not asking Reg Howe.... I am asking YOU !! Can't you remember what he said ! Hahah ! Try thinking for yourself. BTW. It is virtually universal that when the banking industry provides project financing, they insist that a junior company "protect their cash flow" by hedging reserves, thus ensuring that the loan they are providing will be repaid even in a weak gold market. Do you think the banks know their business ? Should they too seek advice from Reg Howe? You are making yourself a laughing stock.

To: nickel61 who wrote (2795)	5/17/2002 9:07:47 AM
From: russet	Respond to of 3558

No Nick,...you explain your new math by yourself. Use your own words for a change if you have any. Think for yourself instead of copying the drivel from other threads. Howe couldn't even figure out that Barricks gold business is 5 times the size of the hedgebook,...and neither could you. The only reason why the hedgebook asset exists is because of gold they own in the ground has effectively been presold at higher average prices than the POG today. Why should anyone here believe anything either of you say. Both your works are riddled in errors.