Share
139 Posts.
lightbulb Created with Sketch. 54
clock Created with Sketch. 05/07/18
23:25
Share
Originally posted by Hiddenvalue
↑
Hi Drugo, I picked up another 15k parcel today at 6.9 couldn't believe someone gave it away. The open auction gave me the confidence to buy in today as I believe a large parcel of 1,000,000 @6.9 was pulled just prior to open with others scrambling to sell and falling victim to the game. I thought it was very strange for someone to want to sell a parcel of that size on open and my hunch was right when it got pulled. This is definitely now it for me. If gold goes up considerably over the next couple of months it would only be logical to fulfill the hedge in full with current production and possibly hedge future production at a higher price. Things are looking real good for us provided they have met guidance. If they exceed it then even better. I hope for you and me and all long time suffering shareholders we have something to celebrate in the coming months, years.
Expand
partial hedging makes sense during the debt tenor for some protection but most investors in this space want full exposure to a rising POG .... if this next leg takes us beyond US$1350 then it’s off to the races
