GBG gindalbie metals ltd
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borrowings, page-29

  1. Surly
    79 Posts.
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    23/01/12
    12:41
    Post #: 9585436
    GBG did not hedge and with hindsight most certainly should have.

    However there would of been a hedging cost.

    Does someone closer to forex than me have an idea of a reasonable premium for hedging the loan amount during an extremely unpredictable period.

    We make large purchases in US dollars where I work and have seen exchange variations between order and delivery well outside what any sane person would expect.

    cheers
    Surly
    GBG Price at posting: 62.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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