FFX 0.00% 20.0¢ firefinch limited

Gold Chart/Price, page-32

  1. 457 Posts.
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    Leave the hedge book in the bin. They are useful if operating costs are extremely high or the company is in debt and can't risk a drop in gold price.

    Finch is sitting pretty, no debt and operating costs decent. sky is the limit for gold so why cap it. Always something they can look into at a later date.

    A company I worked for hedged a awful lot at a shitty price and they bled money and missed out on the bullish gold price. To be fair they still earned good money but shot them selves in the foot a bit.
 
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Currently unlisted public company.

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