Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (23646)	11/6/2003 9:51:35 AM
From: jpthoma1	Read Replies (1) \| Respond to of 39344

3. However, I am curious about any change in the situation re the Gold hedges. Brascan was guaranteeing them and thus allowing the arrangement to be on a spot deferred basis. I wonder if the guarantees continue or whether the settlement of the hedges will no longer be deferable. Hi Tyke, Previous hedges are still garanteed, but I can't see what is Brascan interest in garanteeing future's ones, unless it's already part of NGX banking/financing agreement. JP

To: tyc:> who wrote (23646)	11/6/2003 11:51:59 AM
From: E. Charters	Respond to of 39344

Mining was never Brascan's core business. Getting ripped off in geopolitical service industry was their main business. (power business in Brazil.. they built the power grid there and Brazil nationalized it) Mining prevented them from going under completely. Only big oil overseas survived the inevitable nationalizations. If you ask us, Reliance and other Asian refiners have a sub voce dollar coming from Tejas et al. The overseas development dollar is far more lemming-brave than the domestic development dollar, and it seems, far more plenteous. All you have to do is say "things are changing there" and they forget the debacles of 10 years ago in the very same country. And, it seems the mantra is co-incident with the dometic social democratic stooge's taxation scare/envi-regs/pan global investment policies that started the money flight in the first place. And when that social-democrat retires politics, he eases ever so smoothly into a 500,000 share seat on the board of the overseas company, whose magical survival in that ordinarily confiscatory foreign country, when all others of lesser note got robbed, stands out as an anomaly of anomalies. Business at that level is risky still, but its out of the ordinary success rate, or its deliverance the from prevailing levies of draconian autocratic states, must surely stem from manipulation of the highest degree at the highest levels. EC<:-}