## lhg - in trouble this week ##, page-14

mike i think you need to go read LHG's hedge position a little more closely . they have 2 mill oz hedged over several years and in fact do not have to deliver on that 2 mill in one year . the hedging is not good but it certainly isnt catastrophic as you may suggest . they certainly are not in SGW type trouble . SGW hedged more gold than it could produce whereas LHG are nowhere near that . i think you should retract your sensationalist headlines and analsis . i am short LHG but certainly not for the reasons you give


...................... bris