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Gold/Mining/Energy
NORTHGATE EXPL (NGX.TO)
An SI Board Since April 2002
Posts SubjectMarks Bans Symbol
158 8 0 NGX.TO
Emcee:  grusum Type:  Unmoderated
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33russett, There is nothing wrong with hedging, however, if gold is in a bull maJohn Dally-6/7/2002
32<b>Northgate strikes financing deal</b> Allan Robinson NorthgateFrank Pembleton-6/7/2002
31<b>There is no way you lose money, unless the bullion banks stop lending ypeter snowdon-6/7/2002
30Your problem is, you refuse to think like a producer,...you want only to think lrusset-6/7/2002
29Here is an article on hedging gold. It suggests and I agree that intelligent heLittle Joe-6/7/2002
28Let's make it simple: I sell call options on 400,000 oz of gold with a striJohn Dally-6/6/2002
27Good one!russet-6/6/2002
26<b>They received $US1,942,500 for selling the call options. At today'srusset-6/6/2002
25I wouldn't give a "nickel" for your chances of influencing a gold tyc:>-6/6/2002
24Dear russett, NGX produces around 275,000 oz per year. They had written call oJohn Dally-6/6/2002
23On the subject of covered calls, here's a posting I meade on another thread.tyc:>-6/6/2002
22Thanks Jon I appreciate the reply.loantech-6/6/2002
21Sorry, I do not agree with your logic, and neither do most hedged gold producersrusset-6/6/2002
20"Are you saying they still have the committment to deliver the 820,000 ouncJohn Dally-6/6/2002
19John, Are you saying they still have the committment to deliver the 820,000 ouncloantech-6/6/2002
18Dear russett, Take a look at the very bottom of the page of the May 16 press reJohn Dally-6/6/2002
17NGX.t did the opposite of gambling on the POG,...they locked in a set price (US$russet-6/6/2002
16They gambled to the tune of 400,000 oz. that gold would not go above $301 and loJohn Dally-6/6/2002
15To temporize; to avoid committing oneself. (i.e. to stall for time). To make tyc:>-6/6/2002
14<<<<<temporisation>>>>> ??????? What is the meanidave rose-6/6/2002
13As I see it, the sale of calls was just a temporisation. Do you trade options ?tyc:>-6/6/2002
12agree: i am mystified by the decision to sell those calls, unless it was a requipeter snowdon-6/6/2002
11>>i'm not sure a hedging position is an 'operating blunder' tyc:>-6/6/2002
10I think that the "spot deferred contracts" would have been required foJohn Dally-6/6/2002
9i'm not sure a hedging position is an 'operating blunder' in the conpeter snowdon-6/6/2002
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