TBR 2.70% $3.42 tribune resources limited

cant believe the price of this stock, page-10

  1. 832 Posts.
    Reply back in less then 24 hours - Great work!

    "Tribune Resources is very conscious that the commodity price fluctuations and risk are affected by a number of factors beyond the control of the Company. These prices are affected by macroeconomic factors such as expectations regarding inflation, interest rates and global and regional demand for, and supply of, the commodity as well as general global economic conditions.

    As such, the Company follows a position of selling the gold at “spot price” and are of the view that retention of the commodity in bullion reserves is the best way to maximise the appreciating value of the commodity.

    As such, we do not follow any specific hedging program and retain minimal cash balances.
    "

    Good times ahead imo
 
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