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26/08/21
19:55
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Originally posted by Red Dirt Dan:
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Yet again another good point...im looking now for hedged against the actual operating income, this is an accounting monetary hedge only, usually to pay down debt facilities...but I can not find anything yet...I remember reading somewhere tat they did do you on the premise of a further 10% pricing ratio which will benefit in the next quarter, but of course, can I find it... *sigh*... I know fixed income has been buying heavily into AWC and other fixed low cost mining houses that are well below cost...they have better number crunches than the Government...I would not be surprised with buy backs in the future either...
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The only reason i am holding on is the potential of upside far outweighs the down side. Pity can't say the same about FMG