PE/project conundrum...up to Banks and the Govt., page-30

so let me get this straight - youre heddging FAR with asx index puts - thats ridiculous.

its a 4/5 yr proposition you need to just let it ride until you have substantial news either way to make an informed decision.

If you concerned abt a general market pullback and want to make some money fro that then I suggest just do a betashare leveraged bear ETF like BBUS or BBOZ is much better for what you trying to do, or think you achieving

But dont do it for a hedge against FAR - do it becuase you taking a bet on a general mrkt rout. FAR itself will have a low beta to market.

There are just so many better and more inexpensive ways to hedge an oil explorer which i not going to go into now, but rethink what u doing.