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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (27918)4/12/2011 2:09:47 PM
From: littlebitmoore2  Read Replies (1) | Respond to of 48092
 
It was Peter Barnes, the former CEO. He was asked about hedging and his comment was that weren't thinking about it, but maybe if POS went over $50, they would consider it.

That's the way I remember it, fwiw.

lbm1



To: Wade who wrote (27918)4/12/2011 4:23:17 PM
From: Mike M2  Read Replies (2) | Respond to of 48092
 
No it was Peter Barnes. His hedging comments were somewhat misinterpretted later on in my opinion. Let's go to the video -g- video.cnbc.com Barnes said " never say never" and one always wants to keep options open. He said silver would have to hit $50 to even CONSIDER hedging but it was clear to me hedging at the $50 price level is not a goal nor policy. Today Smallwood was more careful with his remarks SLW does not hedge.


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