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To: Zardoz who wrote (33191)	5/5/1999 4:06:00 PM
From: Enigma	Respond to of 116759

Barrick walked on the ARP play _ I don't know the inside story but would have to guess that it cost the CEO his job - I think it was a bungled takeover bid. But the fact they walked on the play doesn't mean that they're interested in bankrupting small companies -ARP found another suitor. Sutton would qualify as a small company and Barrick has deals with many such companies.As you must know most major discoveries are made by small companies. d

To: Zardoz who wrote (33191)	5/5/1999 4:11:00 PM
From: Enigma	Respond to of 116759

" Now how does a rising gold price affect a hedged position, {even Barricks exclusives positions" The Barrick home page details its hedging strategy - the situation used to be that they participated in 60% of the upside beyond their hedged price - this may have changed. d

To: Zardoz who wrote (33191)	5/5/1999 5:13:00 PM
From: Bobby Yellin	Read Replies (4) \| Respond to of 116759

Hi Hutch: something hit me between the eyes..sorry I will be too impatient to spell it all out.. please if you don't agree say so BRE-X collapse.. then all juniors and gold collapsed..(I haven't looked at chart..just impressionistly seems that way to me)..so why if that meant all that gold wouldn't be coming on market.. it isn't about that at all.. it is about who has the money..brex.. Peter Munk knew that it was a fraud right? wrong? how would that play into the equation..if true.. hold that thought next..gold would keep on running before BRE_X because BRE-X made many people rich with gold and those gold lovers thus had the money to buy more and more gold..once all the margin calls came for those people they had to sell all their holdings that were on margin and also ran out of money to buy gold.. I don't mind sounding dumb..it just finally helped me realize how it is about money and power.. ps if that is right and if Peter Munk was one of the few who knew that BRE-X was a fraud..what are the implications if any? --what are the implications for the internet stocks currently..going along the same lines