CTO 0.00% 0.5¢ citigold corporation limited

financially healthy no need for cap raising, page-21

  1. 2,213 Posts.
    auag RE hedging I'll repeat what you stated again.

    "As for assets in the ground ... well, until they can prove that they can get it out of the ground on a sustainable basis, then that won't help much either"

    My point is, selling forward won't help tp prove that they can get it out of the ground economically or sustainably, so what is the point to forward selling especially in a rising market.
    Forward selling has been the downfall of more miners than just about anything and there has been a fundamental shift in thinking over the last few years towards the practice.
    And thank Christ for that!
 
watchlist Created with Sketch. Add CTO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.