GREY:AVGCF - Post by User
Comment by
AdamJTon Mar 29, 2012 7:45pm
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RE: RE: Depending On What
RE: RE: Depending On What Well if your a trader (swing/day) then you most likely won't be happy. If your an investor you will see how this should be advantageous in the long run if things run smoothly in Mali. Many companies have been putting on hedges and while I'm not a fan the biggest thing holding me back from investing in other junior gold producers is cash position meaning dilution. In a perfect world there would have been no coup and Avion would have only had to deal with the market and regaining confidence. I think it's a smart move from a long term perspective even if it's a bitter pill to swallow. FYI that is only 3,000 ounces per quarter and depending on how it's structure then the may not have to relinquish much immediately with higher volume settlements in the future.