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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (91892)	12/17/2002 10:29:24 AM
From: The Barracuda™	Read Replies (1) \| Respond to of 116752

Hedge Book troubles?

To: long-gone who wrote (91892)	12/17/2002 10:38:36 AM
From: Hugh A	Read Replies (1) \| Respond to of 116752

Anyone care to speculate why AU wants(needs?) to raise cash in a raising gold price environment? Make hay while the sun shines. HA

To: long-gone who wrote (91892)	12/17/2002 10:57:24 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116752

I vote for acquisition on the come...a shelf registration is just that...a shelf registration. Shelf filing removes the association of filing with rumors of buyout of smaller fish...at least that is my experience. I wouldn't rule out "hedge troubles" however, since they, like others mark their derivs to market (Sinclair used 5 minute M2M), and since they have enormous reserves, I lean more to the former "guess" than to the latter one. gold & platinum recycling_tutor mailto:goldtutor@aol.com

To: long-gone who wrote (91892)	12/17/2002 8:51:43 PM
From: E. Charters	Respond to of 116752

I am not sure why they need it but we can speculate. 1. They do not have that much cash right now and Christmas is approaching. 2. Petty cash is low and company coffee fund needs refurbishing. 3. If they don't raise the money now, next year they might not be able to as the Dow may no be their friend. After all, it will fluctuate. 1&2 are persuasive, but 3 is a possibility. Anglo has some long term project they have been putting off that is supposed to cost them about 2 billion. You might mention to them that I have a couple of projects that would do well on the 1% on the money they acquire. I am sure it will be no trouble for them. EC<:-}