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Gold/Mining/Energy
Barrick Gold (ABX)
An SI Board Since August 1996
Posts SubjectMarks Bans Symbol
3558 49 0 ABX
Emcee:  Dave Lyall Type:  Unmoderated
Introduction Market Data Compact
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2308There is not much of a reserve difference but at $304 gold there is starting to nickel61-4/2/2002
2307I agree with you assessment entirely. I own slightly different make up of unhedgnickel61-4/2/2002
2306This is after all the main reason why many of us are criticising American Barricnickel61-4/2/2002
2305Again you and I agree. The past fourteen years of hedging have helped Barrick obnickel61-4/2/2002
2304The short version of the problem is that it is a game of musical chairs, when thnickel61-4/2/2002
2303I appreciated you commentary. The only situation where the 18 million ounces of nickel61-4/2/2002
2302Mr. FuzzFace,... Watch what happens if POG starts to climb,..suddenly Barrick rrusset-4/2/2002
2301"Barrick has one of the highest P/E's of the majors and it has been thaFuzzFace-4/2/2002
2300>>>which suggests that the market does value Barrick higher than most otyc:>-4/1/2002
2299<b>At this price we would all agree that there are few viable new mines thrusset-4/1/2002
2298<b>"would the market value it higher if it didn't hedge ?".&russet-4/1/2002
2297You misunderstood ! Let me say here and now; I AM a shareholder of ABX for the vtyc:>-4/1/2002
2296Speculators betting the POG will rise forever without any backward movements wilrusset-4/1/2002
2295What you call a short position, Barrick calls a hedge. They have locked in a cerusset-4/1/2002
2294Yes - but there are other factors. One could discuss it till one is blue in theEnigma-4/1/2002
2293>>>Does the market in fact price hedgers lower that non hedgers? Thattyc:>-4/1/2002
2292It's difficult to say really - I mean in terms of a horse race. ABX has beeEnigma-4/1/2002
2291" Some of these companies are making much of the fact that they are not hedTommaso-4/1/2002
2290When I asked you for your criteria I was thinking of the various yardsticks thatEnigma-4/1/2002
2289I recommend to you a paper published by CIBC World Markets recently. In it thtyc:>-4/1/2002
2288In short, we all are familar with the various types of numbers that you need to nickel61-4/1/2002
2287Exactly my friend...thank you for joining the conversation...nickel61-4/1/2002
2286When you spend money to buy something that is supposed to produce product and yonickel61-4/1/2002
2285Does the market in fact price hedgers lower that non hedgers? Explain your critEnigma-4/1/2002
2284Actually Russett I don't disagree with much of anything you said. I do thinknickel61-4/1/2002
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