re: new minews article - watso Hi B2 and others.
The hedging comment re KCN was to balance a negative against many positives the company has going for it. Yes, banks lending minnows funds to build their first mine/plant want certainty and push hedging. This is different to the smarta*se "lets play the futures" approach which a number of mining companies follow - if you want to invest in a leveraged derivative company, there are specific vehicles for this - and they are not gold mining/producing companies.
I think the comments by KCN in the most recent quarterly on heding are very promising, which is one reason why I have bought in. The other 3 reasons are the expansions to Chatree, the active desire to lower the soverign risk/one mine discount, and a falling shareprice based on an apparent bad takeover situation.
How many other gold producers have 85m shares on issue?
re: new minews article - watso Hi B2 and others.The hedging...
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$1.56 |
Change
0.005(0.32%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.57 | $1.54 | $536.0K | 345.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6063 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 22060 | 2 |
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