ADU
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0.00% 71.5¢ adamus resources limited

hedging has already cost the company $11.2m, page-2

  1. siameseparrot
    24,765 Posts.
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    20/02/10
    15:36
    Post #: 6356012
    Good to see someone else who agrees with me is making a post here.

    I posted the other day that Woteva has predicted gold at US$5000 early in 2011.

    If this proves correct then ADU's mark to market loss on its hedge book of 290,000 ounces at US$1075 would be around a massive US$1.16 billion.

    I'm very bullish about the gold price. That being the case I'm steering my investment funds well clear of ADU.

    ADU Price at posting: 39.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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