EVG 5.41% 3.5¢ evion group nl

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  1. 3,282 Posts.
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    No probs DSpike. I believe the issue has been covered pretty well and you can see the upside here...as well as the security should Au tumble (and it could). We have the luxury of a locked in profit on 126k of Au.

    EVG aren't the only compnay looking a little under water with a hedging policy caught out by the parabolic rise.

    My main point is that way back then it was a case of no hedging no finance...so irrespecitve of what the price of Au does, it was the correct managerial decision as it was a condition precedent, so to speak.



 
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