ADU
Click for more information
0.00% 71.5¢ adamus resources limited

hedging contracts us$30m underwater, page-2

  1. Orabanda
    3,051 Posts.
    lightbulb Created with Sketch. 10
    clock Created with Sketch.
    02/05/10
    21:25
    Post #: 6643254

    I agree wholeheartedly nomoregfc.

    A bit of hedging to guarantee a new project does not go under in the first year or two is prudent.

    However, and I guess McBank may have demanded it , ADU hedged a huge number of ounces - at US$1075.


    Sure, ADU can make good money at these prices, but their SP upside is now severely constrained and if input costs go up their profit will be constrained as well.
    ADU Price at posting: 42.1¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 
watchlist Created with Sketch. Add ADU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.