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I agree wholeheartedly nomoregfc.A bit of hedging to guarantee a...

  1. Orabanda
    3,051 Posts.
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    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
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    lightbulb Created with Sketch.  Great analysis
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