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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
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2658Yeh no kidding...what do you think I am trying to get them to do? Reduce their hnickel61-5/13/2002
2657And would you be knowing all powerful one when the Central Banks would have beennickel61-5/13/2002
2656Both you and Enigma have threatened some kind of retaliation from Barrick and itnickel61-5/13/2002
2655There is something you and Gata should consider. At the moment, it is a wasterusset-5/13/2002
2654You said Barrick was going under, and all management would be sacked for poor marusset-5/13/2002
2653Sorry, first reply was in error,... "Actually writing a covered call for Brusset-5/13/2002
2652Barrick will appreciate with all other gold producers, because they have just asrusset-5/13/2002
2651We could reverse you ASSumptions, and say that while the central banks were accurusset-5/13/2002
2650Actually a writing a covered call for Barrick ensures they get a certain price frusset-5/13/2002
2649<b>So Barrick's value added is due to the fact that they hope they canrusset-5/13/2002
2648Please give me some credit. I know that forward sales is one form of hedging. FFuzzFace-5/13/2002
2647I understand, but if you expect the underlying to go up, why give away your upsiFuzzFace-5/13/2002
2646See hedging for what it is. Essentially it is borrowing gold, selling it, and ityc:>-5/13/2002
2645There is a phrase that covered call writers use. It is the "Return if exertyc:>-5/13/2002
2644<they hedged lots of Australian and Canandian dollars> Unfortunate, thougFuzzFace-5/12/2002
2643> HM hedged a little too, and so was not blameless Although HM did hedge a lgoldsheet-5/12/2002
2642Not hedgers. Overhedgers. Hedging a year in advance, like farmers do, is normal FuzzFace-5/12/2002
2641I am trying to get to the bottom of the issue and still am puzzeled what the helnickel61-5/12/2002
2640<I don't think HM shareholders made out so well.> I bought HM back inRarebird-5/12/2002
2639It's as if you don't read or comprehend a thing? You have this fixationEnigma-5/12/2002
2638Russett this paragraph is helpful to delineate the differences in what we are arnickel61-5/12/2002
2637I take it that the option reductions will not really reduce anything and that mynickel61-5/12/2002
2636Your statement pretty much sums up the entire arguement. It has been a good stranickel61-5/12/2002
2635I don't think HM shareholders made out so well. I was one of them and I lostFuzzFace-5/11/2002
2634You are correct in your understanding of how options work. Tyke really missed thFuzzFace-5/11/2002
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