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Why won't the miners fight back?, page-12

  1. Daytr
    4,526 Posts.
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    27/08/14
    16:33
    Post #: 13882187
    The only control the miners have, is over cost of production & supply, which obviously go hand in hand. However both are fairly inelastic components of mining & here lies the risk in producing a product with high volatility. Hedging can obviously offset some of that volatility but the shareholders are anti hedging in the main.
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    lightbulb Created with Sketch.  Great analysis
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