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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (3301)1/16/2003 9:04:35 PM
From: Bruce Robbins  Read Replies (3) | Respond to of 3558
 
The interesting things is as russett pointed out only 20% of ABXs reserves are hedged and with the rising price of gold, one can imagine that the reserve number is growing. If ABX does not increase their hedgebook (and I doubt they will do it with the lawsuit on), the % of their reserves hedged will certainly fall. And seeing as they do not have to deliver into the hedges and can take advantage of the spot price, I expect they will make some heads turn with their numbers.



To: loantech who wrote (3301)1/16/2003 10:48:39 PM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 3558
 
Those stocks are not even close to the same league as this discussion concerns. If gold craters, Anatolia will be Itoldiaso and gonzo. Chesapeake will be a dog again rusting away in the cool waters of the bay with crabs nipping gingerly at its feet. ABX and NEM will be doing fine due to their hedging strategies.


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