I think it was a wise move to short the 200000oz for the next 8 months - it takes out the risk should the POG deteriorate. We really would be up the creek should that happen. It gives us time to breathe and get PNG going.
It takes the risk of $A going back up. The $A is at its lowest for quite some time, and who to say its going to stay down here. It has a death wish wanting to go higher.
Higher $A = lower gold price in $A.
The timing has been impeccable (and v damn lucky !)
MH
PS does anyone know when Mark Twain worked for Sons, and who was the future US Pres who also worked for Sons and went to china made a fortune in copper and then later US Pres ?
Ann: Short term gold price protection , page-22
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.8¢ | $687.8K | 3.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 278140 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 744228 | 13 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |