RE:RE:RE:RE:RE:Stock price down again ...Yeah, the hedge was pretty bad. In the company's defense, they were between a rock and a hard place; their debt was coming due and they couldn't pay it, they hadn't quite demonstrated an operational turn-around, and the pandemic was just starting to bite. The Australia dollar hedge was a clever trick -- it's normal for the USD and AU dollars to move separately from each other, and the company couldn't know that just after they signed the hedge the POG would make a sustained move up that would make it really expensive. The opposite could have happened.
I remember when I read about the syndicated deal that I felt really relieved -- the hedge wasn't the best, but it put the company on a clear footing. The ony thing I wish is that they could have set it up wit a bonus for repaying the debt early -- they could have gotten rid of the hedge a few months ago, and saved a few million dollars.
Anyway, between March and June, the company is going to become as unfettered as it has been since the accident at Cerro Bayo. Back then, the high for the stock was about $1.30 which would equal $13.00 today, after the 10/1 rollback; however, the share count also doubled somewhere in there, so let's say $6.50. They've got to find something to do now to get some attention from investors.