Wheels Group Inc GRFJF

RE: If you have NOT done your homework on WGDFF

[loantech1]

I am thinking this: Purepaloma, True enough, WGI has hedged 5500 oz/month for the first 78 months of production out of a 3.5 million oz resource. A resource that will last for over 21 years @165,000 oz/yr. Would it be nice if no company ever hedged? Of course it would. Did Randall Oliphant make a huge mistake in hedging such a large % of Barrick's output? Of course he did! However, WGI will still have 100,000 oz/yr of unhedged gold to sell at market price. The reason WGI hedged was to get into production ASAP. That being said, because someone chooses to invest in a very safe gold producer (with all the evil of hedging) for a sure 2-3 bagger (even buying at today's price) DOES NOT MAKE THEM AN IDIOT! More than one analyst and fund manager has stated that when WGI goes into full production in April 2008 that this will conservativly be a $9-$10 stock at today's gold prices. So one has to ask one's self: Am I in this game to invest only in unhedged gold producers out of principle, or am I in this to buy a stock for a small price and sell it for a large price? I purchased WGI in Nov 06 for $1.47 and will sell in May or June 08 @ $8-$10 for a 5 bagger in 18-19 months. Am I also an Idiot? I don't give a rat's a$$ if WGI hedges a small % of their total resource or not. What I do care about is an increase in share price in as short a time as possible. You're name calling is not productive. Have a nice weekend, Jolie -------------------------------------------------------------------------------- Last edited by stampgirl : Today at 03:07 AM.