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exactly macbank come first and everyone else can hope for the...

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kdaly

505 Posts.

49

14/03/24

11:41

Post #: 72880789
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Originally posted by ralphmouth: ↑

Have a look at the hedge contracts and the price they were written at. Then have a look at the total cost of mining an ounce of gold.

Very thin margin, if any at all.

Macquarie moving to protect its position so CAI can still continue to deliver into the contracts.

Just my simplistic look at the situation. Could be wrong.

Very similar to what Macquarie did to Regis a few years ago. It didn't end well for Regis. Share price never recovered.

Management need to spell it out and not let us all speculate.

GLTA

DYOR

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exactly
macbank come first and everyone else can hope for the best and expect the worst.

CAI Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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