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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (2598)5/10/1998 3:05:00 AM
From: Michael Bidder  Read Replies (1) | Respond to of 3744
 
"The GOLD is already sold forward for 5 years."

-I don't understand. Did Royal Oak lock in the next five years of production? At what price?

"The buyers could stop you by injuncting."

-Does this mean the buyers of the forward sold gold? I don't understand. can you please elaborate for me.
-How could the buyers "injunct". Where is their authority to do so?