LHG unknown

gold hits 1 month high 406, page-6

  1. Max Drawdown
    59 Posts.
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    18/08/04
    08:37
    Post #: 550063
    re: gold long term chart nice uptrend Two reasons. One is that earnings continue to disappoint. Second, Lihir is now a big hedger. for 2005 it has sold 338,210 oz forward at US$333, sold 95,000 oz in calls at $327. Similar commitments in 2007, somewhat less in 2006. Ergo, little leverage to rising gold prices.
    LHG Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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