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CAI Valuation - comparison to peers, page-173

  1. Contrarian4me
    539 Posts.
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    14/02/24
    12:13
    Post #: 72400361
    What makes you think Macquarie are making so much on the hedge? I assume you mean Macquarie are making what CAI are losing on the hedge? I would have thought Macquarie are just the middle man between the Seller CAI and the buyer of the gold, and therefore just getting a small margin as broker.
    CAI Price at posting: 14.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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