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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: abuelita who wrote (7432)	9/26/2002 12:49:43 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 89467

not just Barrick news, but gold dropped below #320 the high-cost miners got hit harder, like Seabridge their status as "perpetual gold warrant" is vulnerable Novagold is holding well (NRI.TO) last couple weeks I swapped from Seabridge to Novagold actually did so 100% now feeling lucky an Irishman deserves some luck now and again thinking about swapping some Nova back into Seabridge (SEA.V) hmmmm SEA bounced off C$2 up to C$2.17 now Barrick will do the gold sector a great disservice before this is all played out if/when their balance sheet disintegrates, some fallout could hit the gold miners generally it is up to the analysts to get the message out on their hedging and the horrible effects to cash flow and production, not to mention balance sheets remember, Barrick's hedgebook is not disclosed at earnings releases so they can play accounting games and that is exactly what I think they did / jim