PXG 0.00% 15.0¢ phoenix gold limited

aud 1500, page-12

  1. 366 Posts.
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    The CR is NOT underwritten.

    In which case why they didn't hedge at AUD$1500+oz is beyond me. Left themselves unnecessarily open for failure. Even hedging at $1400+ now would still be better outcome for successful CR.

    Gold could easily go AUD$1200 ~ US$1050 from here.
 
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