I have read this thread with interest. Hedging for the QT period will reduce any downside and upside exposure to Copper prices. It is one way of not having a large bill that you may not be able to pay. Alternatively, if the price is rising, you do not get the windfall. It would appear to be a conservative strategy.
I think we should applaud Mikayla for pointing it out to HC members. Good job well done!!!
Whether or not you support management on the strategy employed is a personal matter dependent on the level of risk you are willing to accept.
We should be careful when we criticise those that have a different view to us. They may just be pointing something out that we have missed.
I do not own PNA, but I have seen many posters on other threads who point out bad news, and who are actually right.
They should be congratulated for having the courage to speak out.
HT1
PNA Price at posting:
$1.85 Sentiment: None Disclosure: Not Held
