GBG 0.00% 2.9¢ gindalbie metals ltd

borrowings, page-29

  1. 79 Posts.
    GBG did not hedge and with hindsight most certainly should have.

    However there would of been a hedging cost.

    Does someone closer to forex than me have an idea of a reasonable premium for hedging the loan amount during an extremely unpredictable period.

    We make large purchases in US dollars where I work and have seen exchange variations between order and delivery well outside what any sane person would expect.

    cheers
    Surly
 
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