i had my criticisms of the hedge closeout and the word 'f*wits' may have been used to describe managememt. although in light of getting a tax defuction it makes more sense. consider it similar to 'tax loss selling'.
but by buying the hedge out they get to claim a loss. if they kept it, it would have reduced their profit but without the ability to deduct the loss.
in that view im now strongly in favour of the hedge buy out and will apologise for not having full picture when my criticisms were made.
RRL Price at posting:
$1.81 Sentiment: Buy Disclosure: Held
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