EVG
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2.94% 3.5¢ evion group nl

re: Ann: EVG commences construction on Las La... butcherboy this...

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  1. plough
    23,765 Posts.
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    05/11/09
    08:34
    Post #: 5874400
    re: Ann: EVG commences construction on Las La... butcherboy this link may explain the hedging positon better than I, you could forget the first page and page 18 most relative.

    http://www.barrick.com/Theme/Barrick/files/docs_presentations/DetailedLookAtHedging.pdf

    Anyway IMHO the hedging position BJ has taken looks fine although I would like to see him also hedge into a bunker oil contract as well in case the power company black mails EVG over its power supply prices with the excuse of a lower US dollar,
    Then BJ then would have an alternative viable power supply scenario using diesel powered generators on site with fixed fuel cost.
    EVG Price at posting: 8.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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