PXG
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0.00% 15.0¢ phoenix gold limited

The CR is NOT underwritten.In which case why they didn't hedge...

  1. Counterfiat
    366 Posts.
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    20/03/14
    13:40
    Post #: 13152339
    The CR is NOT underwritten.

    In which case why they didn't hedge at AUD$1500+oz is beyond me. Left themselves unnecessarily open for failure. Even hedging at $1400+ now would still be better outcome for successful CR.

    Gold could easily go AUD$1200 ~ US$1050 from here.
    PXG Price at posting: 14.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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