To: 4figureau who wrote (1350 ) 9/12/2002 2:52:53 PM From: russet Read Replies (3) | Respond to The problem with Black Blade litany of comments is he/she is merely repeating the distortions parroted by the anti hedging community. Is there anything new in what he says? To blame a company for making more money and getting bigger than they otherwise would have been, is puzzling. With Barrick, you look to long term growth. With most other gold companies, you look for leverage of increasing profits to the gold price. Obviously the most leveraged companies to the gold price are the ones currently losing money or making minimal profits but possessing lots of real or potential economical resources, and they will definitely be the ones whose shareprice will increase the most in a rising gold environment,...companies like Kinross,...I like what they are doing today!! Unfortunately no one can predict where the price of gold is going tomorrow, let alone next week, next month, next year or before you or I die. If there is a specific argument from Blackblade you think we should discuss, point it out and we'll have at 'er, but I should point out the Barrick public statements archived on their website and in their financial statements refute most of the Blackblade comments. So if Barrick's comments are untrue, management will soon be doing the perp walk,...why would they risk it?"As a consequence, it has been open season on hedged companies. Whilst much of the vitriol stems from retail investors, it has also been fuelled, amazingly, by some gold producer executives. They clearly have a vested interest in promoting their own stocks at the expense of others, but the net effect is detrimental to the industry and deliberately obscures the wealth created through hedging." "Disclosure: Miningweb has on various occasions solicited advertising from Barrick Gold Corporation. To date, Barrick has not advertised on Miningweb and has given no indication that it intends to do so.
