Wheels Group Inc GRFJF

RE: RE: Gold Hedge Gains for Q4

[SkyeCairns]

POSTED by

MyStockhouse/Default.aspx?u=416628"">babedinkleman

I would think that the mark to market would be a loss for anything above $801 as that's where the hedge is. It's only if gold is below $801 that they would show a gain on it.
=============================================================================================

I think the original poster was talking about the impact on the quarterly eps not the life-to-date impact of the MTM.
I agree that it is purely a paper gain or loss but I just don't think the market can/will totally ignor the eps based on net income as opposed to the cash-based p&l. Having said that I don't think the impact on the quarter ending Dec 08 will be impacted much by the MTM as the POG for December will be similar to September POG of ~885.

GLTA hopefully the comming days will be similar to today's price increase (e.g. +10%)