Zeev's Turnips Patch-No Politics (ZEEV)

[JimWillieCB]

I dont regard 10% of entire reserves as minor
not BS, just difference of degree
Newmont's reserves are massive, and boasts of being non-hedged
I think they are deceptive
they sprung the hedgebook on their investors without notice during extensive aqsn events

I find almost all references by companies about hedgebook extent as less for forthright
10% is a lot in my opinion, but not yours
c'est la vie
/ jim