re: News: Gold One International presents at ...
let it roll, Cheers mate, better than the herd jumping on me. Brave too.
Goliath, milllions of options. Anglo would have laughed if they were offered the option because it was too deep, but heck what's done is done.
Hedging If take future production into account then the hedge size is probably fine and maybe, just maybe even a good idea. They mentioned it was a straight hedge which i'm ok with.
Bonds I would stick around as a bond holder. In fact i was looking to buy some and jumped on the frankfurt exchange where they should have been listed. None found btw. Anglo had a recent issue at 6% from memory. Is GDO really that much more of a risk than Anglo at 8.5%? Dont think so. They need to work out if they pull the cash where do they park it. No fool will buy treasuries and thats why the fed needs to soak them up. At 8.5% in GDO they could do worse.
GDO Price at posting:
33.5¢ Sentiment: None Disclosure: Held