Then here's another "ridiculous" example Tweetie2000.
Woteva has predicted gold at US$5000 early in 2011.
Have you worked out what ADU's mark to market loss on its hedge book would be at US$5000?
"The contracts form part of the financing package for Southern Ashanti, and provide for deliveries totalling 290,000 ounces of gold over the first 5.5 years of operations at US$1075/oz..."
Try a cool US$1.16 billion.
As I believe gold is going to rise substantially in price, I'll be ataying well clear of this situation.
ADU Price at posting:
39.5¢ Sentiment: Hold Disclosure: Not Held
