OGD oceana gold limited

I have contemplated buying this stock but their constant Hedging...

  1. NZ_Andy
    214 Posts.
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    16/08/06
    13:47
    Post #: 1740358
    I have contemplated buying this stock but their constant Hedging in high inflationary times is a crime IMHO.

    "Oceanea Gold posts $36m loss"
    "As at June 30 Oceana has forward sales contracts of 410,295 ounces with an average contract price of $NZ773 (A$635) an ounce."

    With targeted production of 180,000 ounces this year how smart is this Mr. Orr?

    The above is quoted from below news link:
    http://www.stuff.co.nz/stuff/0,2106,3765821a13,00.html
    OGD Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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