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

To: TheBusDriver who wrote (22135)10/2/2006 1:28:25 PM
From: loantech  Read Replies (1) | Respond to of 78419
 
EDIT Reviewing now. All these projects will need gold loans. PLM,WGI, CLG etc. Banks don't give out 100-400 mill without some paper hedges or protection etc.



To: TheBusDriver who wrote (22135)10/2/2006 2:38:26 PM
From: Claude Cormier  Read Replies (1) | Respond to of 78419
 
All this is excellent for long term future of CLG. The lead time to production (30 months or so) is one of the reasons why CLG is weaker. IMO, the gold loan is on good terms but some market participants hate to see some onces to be locked in at a pretermined price because they keep seeing $2000-$3000 gld prices tomorrow.

CLG is locking in only 420,000 onces while it will produce 400,000 per year during first 4 years of prodction. No big deal.


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