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2.30% 8.5¢ rocketboots limited

roc n roll, page-34

  1. BridgeBaron
    423 Posts.
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    14/01/09
    09:21
    Post #: 4688736
    It's my understanding that the accounting rules require a mark-to-market of the ENTIRE hedging position - not just on the amount produced during the quarter.

    This is why the loss last quarter was so large, and I'm expecting a very large profit this quarter as the oil price has reversed.

    BB
    ROC Price at posting: 54.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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