re: Ann: Financing of Las Lagunas Gold Projec...
Hi Jarg,
The hedge for gold will be in USD so the AUD/ USD rate will still move over time.
An interesting point though would be to hedge the POG in USD as EVG will be required to do by Mac Bank but then time it to hedge the AUD/ USD at some point... maybe in the low-mid 70's.
This sell off in Australia Inc. is short term IMO and will, at some point, get overcooked as every trader shorts the AUD and then eventually it rebounds.
The trick is working out when to hedge the AUD/ USD and what it will cost.
Interesting to note that the LL project has a much greater NPV than it did since the last Presentation:
POG in AUD + 18.1% POS in AUD + 38.5%
Cheers John
EVG Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
