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

To: nickel61 who wrote (3039)	5/22/2002 11:25:13 PM
From: russet	Read Replies (1) \| Respond to of 3558

The possibility that Barrick is going to need to be financially restructured is high as long as they have that large a hedge position in place and gold rises significantly. I think they will either try a hostile takeover of an unhedged gold producer or start to reduce their hedges in the next six months. If gold goes $400 bid in the next twelve months Barrick will be in deep financial distress. Prove it,...don't just say it, back it up with facts based on Barrick's forward selling basics. It's easy to smear someone when you know nothing about the program. I call your hand,...show your cards!!!!!!!