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Ann: Administrators Appointed, page-5

  1. DefinedBenefit0
    3,601 Posts.
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    01/07/24
    09:19
    Post #: 74541751
    My reading of all this- it all comes down to grade once production starts. Hedging is the cost of finance for a marginal mine- the cost of the risk.

    But yes, this sucks for holders. I think the risk that was taken can be justified- but do not over invest- invest what you can afford to risk- that is the lesson.

    Good luck all.

    IMHO DYOR
    CAI Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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