good chance for profits, page-39

"Chops

So why are all the big gold producers going nuts (LGL, NEM, DOM etc)? Why are all these companies closing out their gold hedges? Is that not telling you something?"

I'm led to believe LGL's and NCM's hedging was in the US$300 range. That's why they've gone nuts, they're effectively doubling the money now on the sales made. The AUD price of gold is nudging the put options from VRE. Not real bright to get rid of those IMO...

VRE is not even in the same league as these guys.


Yep, if you are so confident about gold, you're better off buying the physical stuff (like I've been doing), or into a company with a proven track record.