NGF norton gold fields limited
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lehman brothers hedge

  1. Baussie
    942 Posts.
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    28/10/08
    19:44
    Post #: 4439992
    Page 11 of September quarterly. What exactly is the impact of this statement?

    Hedge

    The agreement is a contract for physicals with provision for cash settlement by netting. LBCC is no longer trading with Norton and as a result Norton is not required make payments to LBCC. Norton will not make any payments to LBCC unless it emerges from default.

    Norton is currently making provision for circumstances where LBCC emerges from default. If LBCC proceeds at some point to go to liquidation, Norton will not make another payment to LBCC.
    NGF Price at posting: 9.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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