GBG 0.00% 2.9¢ gindalbie metals ltd

borrowings, page-35

  1. 24,386 Posts.
    lightbulb Created with Sketch. 176
    Surly,

    Any reasonable bean counter in a corporation that makes large purchases in $USD, would lock the value of the dollar at the time that the transaction/order has been put in place. Thus locking in a real cost on the goods for future purposes, and especially for reselling purposes.

    If you don't, you will run the risk or making a serious loss on the sale of those goods, or making a gain if the exchange rate would turn in your favour. I don't believe that Companies are gambling houses though, and should play it safe.

    Forex, like the sharemarkets, and CFD, etc, are all a form of gambling. A two-up game if you ask me.
 
watchlist Created with Sketch. Add GBG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.