Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: E. Charters who wrote (51)	6/23/2002 10:51:22 AM
From: tyc:>	Read Replies (1) \| Respond to of 158

Please go back to GPM. I left there because of your non-sense. The very first sentence is nonsense, and I find myself trembling with rage !. A mining company does NOT hedge to "get money". It sells gold to get money. NGX has not seen a penny of of the proceeds of its hedging.... it has all been invested by the bullion bank. What has been locked in is the spread between its cash costs and the current spot price plus contango. Please explain how locking in this spread causes losses. On second thought, please don't.