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To: goldsheet who wrote (96582)12/3/2003 8:47:33 PM
From: Enigma  Read Replies (1) | Respond to of 116815
 
Was talking to someone today with some contacts with Barrick and raised the subject of the apparent contradiction between Munk's statement defending Barrick's hedging policy and a few days later Wilkens announcement that the company will no longer hedge. He saw no contradiction -because he said Munk was defending their hedging which had served its purpose and had served them well - he was not saying the company would continue to hedge.