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Bullboard - Stock Discussion Forum Wheels Group Inc GRFJF

Industrials Integrated Shipping & Logistics

GREY:GRFJF - Post Discussion

Wheels Group Inc > Risks
View:
Post by mlmack on Oct 24, 2008 8:12am

Risks

What are the risks of this company going bankrupt ?

Gold going to $200 /oz.

Banks calling in loans ?

If you exclude the mark to market on the gold hedges last quarter, they made $2.5 million.
At some point I suspect this will be the go-to gold stock, especially if gold stays below $801.

Any opinions out there?

Comment by cameron5159 on Oct 24, 2008 10:48am
I think Western going bankrupt is out of the question since they are holding on to a pretty good hedge, and they stated a few days ago that they have 44 million in cash
Wheels Group Inc
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