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clock Created with Sketch. 31/10/18
08:47
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Originally posted by glendronach
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One or two of you are posting crap and need to learn some of the basics behind the art of comprehension. Like this crap that hedging is assumed closed out at $200 out of the money. Just READ the quarterly. Don't assume. It says hedging is extant at $1606. So current spot gold price is >$1700 - so Davishite when you subtract $1600 from $1700 what do you get? No "rough guesses" needed. Do you know why they hedged at $1600 ave? Because of the bank loan of course - they were obliged to take what they could get at the time.
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Down 7.69% on the day - market thought it was real exciting NOT- maybe the 2 million sold on the day were uneducated gamblers who knows or the market got it wrong or expectations were of a more exciting quarterly.......
