There is absolutely nothing irrational about SDI's slow demise.
It's a perfect example of Co' gambling on the future price of the $OZ against the US, the Euro and the BP.
This Co has 90% of it's revenues at the mercy of the currency. NINETY PERCENT!
They have no idea or are reckless as they haven't hedged.
Seriously , by buying SDI you guys might as well sell the $oz as that's exactly what you are doing, punting and that certainly can't be called investing.
I've designed and executed hedging programs (in my much quoted and maligned 36 years) and SDI being a nice family firm I would willingly advise them on the value of puts,calls,spreads et al and all giving great value at a relatively small cost.
IMO, I predict the $oz will be 10% higher within a year......what price SDI then!?
There is absolutely nothing irrational about SDI's slow demise....
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Last
$1.06 |
Change
0.025(2.43%) |
Mkt cap ! $111.1M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.06 | $1.04 | $68.79K | 65.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93344 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 450 | 1 |
View Market Depth
| Last trade - 15.58pm 25/11/2024 (20 minute delay) ? |
| SDI (ASX) Chart |
