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0.00% 7.3¢ red river resources limited

Theres no way I think they should hedge Zinc as the demand and...

  1. Plext
    10,547 Posts.
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    09/02/18
    12:53
    Post #: 30945109
    Theres no way I think they should hedge Zinc as the demand and the stockpiles are very real indicators of where Zn is going. I do however think they could have purchased "PUT" options when the AUD was at .82c

    Charts and growth factors in the US clearly pointed to a softening of the AUD against the Greenback. Its a low cost idea just like the back up facility if we ever needed it.

    Food for thought next time we see the AUD peaking for no reason !

    Screen Shot 2018-02-09 at 12.52.34 pm.png
    RVR Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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