ANG compared to other gold stocks?

[jln]

why is ang not doing as well as gfi and har?

[john_1]

Since when have GFI and Harmony been doing any better.... Just Kidding but the key diffrence is ang has a big fat hedge book.

[jln]

Sorry if it is a stupid question,but what is a hedge book?

[john_1]

It a book made from recycled paper.. Mines sell their products at a fixed price, somtimes this works in there favour but the gold price is much higher than they anticipated so they are selling part of the gold at well below market value.

[jln]

Where can i get info like this ...allways seems to pick the wrong horse on a good day!

[john_1]

May I sugest Pumella if you like the horse ( again that was meant as a joke)

[john_1]

Dude nobody is talking about so I will China is going nuts for resouces just put your cash into anglo's. yes it at 420 but it will be at 600 in 2 years time. Only my oppinion but if I am right i expect a 20% commision on any profits made.

[jln]

Thanx .

[john_1]

that ANGLO AMERICAN not the poor cousin who mines gold

[jln]

Got that.Played a call warrant on ang yesterday and got out today.ANG was not performing like GFI and Har.Dumb decision?

[Preston]

Hi John I hold shares in Phumelela. Unlike the Grape Packaging company which has no buyers but may sellers ,Phumelela has the many buyer and few seller....Hopefully we can push up the price ...(demand vs supply) (LOL)