FT86,SAR has locked in some put and call options at an exercise...

  1. Beechmere
    1,485 Posts.
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    11/08/11
    12:07
    Post #: 8808366
    FT86,

    SAR has locked in some put and call options at an exercise price of $1250/oz. You can look at this either way (prudent management or fear of speculation), but it's only 10% of their production output, so they are well exposed to a rising gold price.
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