“You can’t just stick your head in the sand and pray that gold is going to go back up again,” Gavin Thomas, chief executive officer of Sydney-based Kingsgate Consolidated Ltd. (KCN), operator of Thailand’s biggest gold mine, said by phone. He’s considering hedging despite investors’ resistance. “Hedging is a call on gold. If you believe it’s going up you don’t hedge, if you believe it’s going down you do hedge.”
At http://www.bloomberg.com/news/2013-07-16/gold-slump-revives-hedges-scrapped-during-bull-run-commodities.html
My comment:
Good luck investing in any gold miner that decides to commit to delivering a significant amount of future production at these low prices.
kcn considering hedging...
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Last
$1.67 |
Change
0.005(0.30%) |
Mkt cap ! $430.4M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.70 | $1.64 | $2.471M | 1.483M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3285 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 53099 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |