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Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO) -- Ignore unavailable to you. Want to Upgrade?


To: peter snowdon who wrote (12)6/6/2002 1:12:12 PM
From: tyc:>  Read Replies (1) | Respond to of 158
 
As I see it, the sale of calls was just a temporisation. Do you trade options ? The time premium of calls will erode far faster than interest will accrue on the "forward sale" of gold. And the company maintained its "long term" sale option ...... Selling calls last year, and then replacing them with long term positions at a higher price this year, sounds pretty shrewd to me.

I have utmost confidence in this management.