GYM gympie gold limited

announcement - good news - for henrik If you are wondering why...

  1. Angus
    2,218 Posts.
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    19/02/03
    14:20
    Post #: 128185
    announcement - good news - for henrik If you are wondering why the surge in the USD / AUD gold price was not reflected in the GYM share price, I suggest you look at GYM's hedging situation - they have sold forward over 100,000 oz for the next 18 months at AUD530. Last quarters cash costs were good, but total costs were as I recall AUD480 an oz - giving a EBIT margin of 50 bucks. I estimate my main gold holding, BSG, has a EBIT margin of around 280 bucks at current (AUD580) spot price.

    angus

    GYM Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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