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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (7402)3/2/2006 8:21:00 AM
From: loantech  Read Replies (2) | Respond to of 78409
 
I don't know or have an idea. It seems odd to hedge as much as they used too but if gold gets to 800-1000 I bet a lot of people hedge to guarantee income. As long as they do not hedge in a toxic way.

TYKE I know you are getting ready to pounce on this so before you do I am just saying hello and hope all is well! <G>



To: SwampDogg who wrote (7402)3/2/2006 8:26:08 AM
From: tyc:>  Read Replies (2) | Respond to of 78409
 
>>"the market would react positively to ABX if they just raised a big chunk of equity and covered it"

Should Barrick buy gold at current prices to eliminate hedges, when they can mine it for much less ? It is to be noted that NGX chose to repay their loan early leaving their (small) hedge in place.

I'm sure Barrick (and NGX) would prefer to be unhedged, but....


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