IGR integra mining limited
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put options, page-6

  1. nicto
    1,214 Posts.
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    26/03/10
    14:18
    Post #: 6502372
    Can someone please confirm what a 'put' is?
    I'm seeing it as a commitment from another party to buy 28,736 ozs IGR gold at (in this case) A$1236 an oz. This commitment has time frames on it as per the announ. and this has cost IGR $3m. BUT if IGR cannot deliver or dont want to deliver we dont have to.???
    The taker of this 'PUT' is really saying they expect gold to rise above A$1236 by DEC/MAR

    and IGR have locked in a minimum price of A$1236 if they have the gold to deliver by DEc/Mar.

    If thats the case to me it seems like pretty good insurance by IGR.
    IGR Price at posting: 25.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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