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Ann: Gascoyne Capitalises on Strong A$ Gold Price, page-4

  1. loki01
    11,147 Posts.
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    09/11/17
    10:05
    Post #: 28632585
    I do not think that this announcement will make the share price shoot up. If course I could be wrong.

    It is part of the slow, somewhat torturous, process of getting the bank finance for the project.

    I suppose that if the bank has insisted on this hedge then the money will be provided by CBA when required.

    loki
    GCY Price at posting: 46.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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  3. speculator101
    12,592 Posts.
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    09/11/17
    10:05
    Post #: 28632588
    Hey Alb - pretty sure from the start GCY stated that part of the debt facility would require some hedging or something similar. It would seem, on face value that they have been able to get a hedge, that is possibly, flexible (forward dating), which I actually prefer, as I see POG going a lot lot higher. As say, in the end 82k is not a large amount. I think SAR had to hedge something like 350k a couple of years back.

    Hopefully in the next company presentation, they can add a little color to the arrangement.
    GCY Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
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