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FL

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FL

Re: FL post# 780

Sunday, 10/10/2004 2:27:01 AM

Sunday, October 10, 2004 2:27:01 AM

Post# of 2138
Was it MANAGEM's hedge rather than Semafo's, that roan was complaining about? It seems possibly so from the Managem story I posted. If it's really only a Managem hedge, then maybe it might not bind Semafo and it might not affect Semafo's profits at all.

Managem owns other (non-Semafo) gold mines in Morocco, which might be the basis for its hedging.

FL


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