UML unity mining limited
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aud down gold up, page-10

  1. JGPM
    7,318 Posts.
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    25/01/15
    11:48
    Post #: 14637780
    Gymjunky. They bought some puts on gold. They do not have to deliver into them if the price of gold is higher then $1445, which it currently. They minimised their downside while keeping their upside open. Shame they didn't do it years ago! It is the smart move. Henty may just see the mine life extended in the current environment and Dargues should have no problems finding backers once they get the treatment path sorted.
    UML Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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