Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: Re: Comments by Barrick
1
Nov 16, 2007 06:27AM
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Nov 16, 2007 06:49AM

Nov 16, 2007 07:26AM
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Nov 16, 2007 12:12PM

The thing we have to remember about Barrick is that they are slime-balls to begin with

You can say that again. Barrick are the slimest of the bunch.

Another factor to consider is that they still have a significant amount of hedging in place, even after the announcement they made several months ago regarding a large block that they had unhedged. Just that one fact makes you wonder about their competence when for years they had a huge hedge book and gold was rising from the $200-300s. One reason why their SP didn't move much.

There has also been allegations that they are part of the group that has manipulated gold prices - based on their large hedge position and only recent attempt to reduce that position there could be some truth to that.

6
Nov 16, 2007 03:59PM
1
Nov 17, 2007 04:24AM
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