Hi Cab,
Everyone is unwinding their hedges because POG will rise (hence the point of my post)
Even if The Mount is risky/difficult I'd rather we take the risk - risk works both ways. If we had debt/other issues, maybe... but not right now. The only caveat is IF mgmt have something up their sleeve and are conserving cash.
And if the contractor is bullish (taking on risk) why wouldn't mgmt be bullish?
Of course, I'm being selfish. FML is my risk play so I want mgmt to be aggressive rather than conservative. Maybe they're right and their strategy will make me eat my words. It's happened before.
Cheers,
C12
focus delivers a$4.9m 1st half year net profit, page-17
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