RE: $36.95???You could have paid 36.95 today...in US funds. I believe today was a good buying dip. Longer term this is but a blip on the radar. ABX sells close to 10 million OZ per year. If they clear out hedges of say $150, that makes 1.5 billion in additional revenue. The big players always disliked the hedges, so ABX has to pay some big cash, but this was offset by some dilution, but their balance sheet will look much better. 3 days ago ABX was at $44 and change...do the math, as long as POG holds ABX will reclaim their top dog spot in the food chain. Besides we are starting into the gold season, any buys at less than $40 CDN is a buy in my books.
CJ