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Exactly, DB!Hedging by PNA in these posts has been compared with...

  1. 956 Posts.
    Exactly, DB!

    Hedging by PNA in these posts has been compared with the actual POC as the baseline for the point of argumentative comparison.

    There has been no consideration given to what the other miner/producers chose to do. What did the other guys achieve (average price) over the past 3/6 months? Is it really much different from PNA? If it is that much better, were they "hitting" 19 hoping for a 2?

    That is the real baseline for comparison. Not to use what could have been (I could have won the lottery if I had just picked those numbers!) - but to use what really was achieved against the best + worst possible outcome, particularly during the hard times we have been through.

    Additionally there might be an unusually high level of stress here amongst our members, waiting for the 2Q to come.

    With that in mind, I'm going out for a Sunday drive and I'll see tomorrow, tomorrow.

    Stu



 
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