Auto, I love your glass is always half full posts, but ... You sound excited by the fact that there will be dilution and a hedge to top it off. Many on this forum are easily impressed, but really? "downside protection". You could also pitch as "not able to participate in a stronger gold price" I stated in an earlier post the hurt money comes at a cost and often a hedge is attached not because the bankers are looking after the interests of GDO, rather their own. The bottom line is there is an agreed price in $$$ not best wishes, therefore the pain has to come from somewhere. It's simply moving around deck chairs. People are so hung up on GDO catching such a great deal (when there isn't enough detail to really know) that they forget the other side of the equation is Harmony. Harmony from memory produce about 300,000 o/z per qtr, they know plenty about gold and their assets. GDO is a minnow, now with a plenty of debt, constrained by single fairly (some risks like strikes, seismic etc) reliable income source being ME. Some forget Harmony is on the other side of the ledger. Best leaving the propaganda to GDO because quite frankly they are very good at it. Go for it auto, just watch out as there are plenty of blind followers who will only look for the upside. They often do a good job at fooling themselves and don't require much help. Mav
GDO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
