PXG 0.00% 15.0¢ phoenix gold limited

Ann: Phoenix to stage development projects after , page-36

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  1. 833 Posts.
    re: Ann: Phoenix to stage development project... kevlsy, you do know that MYG had managed to hedge their gold at something like 1800$ ?? Hence the justification for them in using a higher gold price? Go and read their hedging arrangements..

    They even had some company Sandstorm to front up a big amount of capital in exchange for forward selling their gold ( in addition to their hedging arrangements)

    However even that did not work out for them...
 
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