GCL 0.00% $3.54 gloucester coal ltd

what do u guys/gals think of GCL hedging the buck at $0.74ish...

  1. 2,239 Posts.
    what do u guys/gals think of GCL hedging the buck at $0.74ish and locking in thermals prices at around $45/6 ish.......so far so good!! but long term????
    it makes it even a safer bet i spose, thermal spot prices back when they announced it where in the $52-3 range...but now have come back to $46-7, perhaps the management do really now whats going on!
 
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