GREY:EMYSF - Post by User
Comment by
SurfForWealthon May 10, 2006 9:47pm
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Post# 10830228
RE: Insurance
RE: InsuranceGulo19, thank you for adding some sanity to this board. I cannot believe all these amatuers whining about the hedge positions & their effect. Anyone should have either understood the hedges before they bought the stock or at least do not be mad at the comapny but only at yourself for not doing your homework first & understanding what you own. I think the hedges are rather typical for a junior and not that big a deal in the big picture here. I bought back in today after I sold too early a few weeks back.
Consider with the hedges & lower production the net margins were still 19% , they would have been 34% without those hedges. Pretty impressive really. Now beef up the copper production and add the high margin unhedged zinc and factor in the higher metal prices for the unhedged production and wow, the future is bright. The Cramer thing just makes the situation that much more entertaining. Cheers!!!