CYM
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0.00% 3.3¢ cyprium metals limited

gold hedge book closed out

  1. tallmantim
    3,715 Posts.
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    02/10/08
    11:51
    Post #: 4336210
    Resumes 11:56

    Good news!

    Hedge was at US$650/ounce and we are now on the open market for Gold when it goes through next year.

    With the way things are shaping up, it certainly opens up the possibilities, and blue sky potential for anyone looking for a farm in.

    I would guess this was one of the preconditions for the ANZ financing, as the hedging was also through them.
    ARX Price at posting: 1.4¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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