I am not against hedging, and agree hedging can be a good thing at the right price to provide certainty, especially where borrowings are involved. I am against MacBank providing the finance.
PGI is paying them interest at around 20% (probably a bit more). Whenever there are issues along the way they impose more costs on the borrower. And have a read of the BDR thread about shorting, especially just before they had their last set of issues in March.
MacBank = poison.
loki
GRY Price at posting:
14.2¢ Sentiment: None Disclosure: Held
