PNA
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Refering to Investor Presentation - Share Placement 19/01/09...

  1. Mikayla
    4,892 Posts.
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    25/07/09
    04:58
    Post #: 5429775
    Refering to Investor Presentation - Share Placement 19/01/09 page 5 under the heading 2009 Project Cashflow.
    PNA have in place a policy of hedging 50% from 31 Dec 08 of Quotation Period exposure at US$1.45/lb copper to be managed through 2009 Cu sales.
    Any hedging at at US$1.45/lb copper now is not good with a copper price at US$2.50/lb. Would like to see the extent of current hedge book.

    PNA Price at posting: $1.85 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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