Ann: Gascoyne Capitalises on Strong A$ Gold Price, page-3

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albatrosss

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09/11/17

09:59

Post #: 28632168
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Originally posted by speculator101 ↑

Interesting hedge pricing. So mid next year the price will likely be around $1660, but after that it will creep upwards assuming the forward pricing heads upwards as expected? Hmm. Is the floor price AUD $1660? As as I understood the whole purpose of a hedge was a fixed price, versus, say a put option. Or is it more like a collared hedge price?

In all honesty, while I trust management, I would prefer they explained it in more detail figures wise.

Of course, AUD $1660 is a great price ($1700 expected is even better, and for it to actually average $1700 means that some of the hedge would be at $1740 approx), considering the likes of SAR were unlucky enough to hedge so much at $1500 etc.

The most important thing is that Com Bank is now happy and will sign off the final documentation etc for the debt facility ("Late November").

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I was just in the middle of writing something similar spec.
Very strange.
I am a bit skeptical about announcement heading also.
Does sound like they had to do this and not their idea.
82000 is not a lot really.
Any other announcements coming

GCY Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
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Ann: Gascoyne Capitalises on Strong A$ Gold Price, page-3

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