SGW sons of gwalia limited

gold price drop favourable

  1. copydog
    873 Posts.
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    18/02/03
    09:32
    Post #: 127146
    The gold price dropping some $30 in the last few weeks will have a major reduction in SGW's hedgebook liability. Dont know by how much but lets be realistic - gold can move up or down. Whats to say gold doesnt come back down to $300 and then SGW will be applauded once again for their hedging policies - while unhedged gold producers will struggle.
    SGW Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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