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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (6764)	9/12/2002 2:34:23 AM
From: Davy Crockett	Respond to of 33421

IMO GLG is pretty good... solid management team, good reserves etc... ABX is heavily hedged... although they r...working on that problem & have suggested that a change in tack might be in order. NEM is hedged because of the recent merger with FN & Normandy (Normandy was heavily hedged) Pierre Lassonde, CEO of NEM (former CEO of FN) is one astute operator... At any rate NEM is in the process of unwinding their hedges. Some wall street analysts think that the unwinding of the previously acquired Normandy hedges r taking too long to unwind...But what do they know in this post Enron world <g> Anyway, of the majors, personally I would go with NEM FWIW or just possibly with Harmony... but the South African political arena quickly banishes that thought <ng> Regards, Peter