LHG unknown

LHG Management have realised how costly their gold hedging has...

  1. siameseparrot
    24,765 Posts.
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    17/04/07
    21:24
    Post #: 2365305
    LHG Management have realised how costly their gold hedging has been and have decided to bite the bullet now.

    Just imagine how ridiculous LHG might look delivering 240,000 ounces in 2009 at US$371 and then delivering another 240,000 ounces in 2010 at US$371.

    Even more so if the gold price is over US$1000 by then.
    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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