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Re: Barrick having closed it's hedge book may change it's market activities
posted on
Dec 01, 2009 03:09PM
I just think that they can't simply produce gold to close hedge book as they have forward costs and need to have revenue all the time. Also, they may need cash for expanding production or buyin up more reserves from mid-tiers. They now have a war chest and no more hedge liability, so I would watch for a big move from them in the next quarter.
