GREY:GRFJF - Post by User
Comment by
make_rubleson Jan 17, 2008 11:36am
122 Views
Post# 14218087
RE: don''''t get it ?!!
RE: don''''t get it ?!!WGI hedged some gold at 801 starting in July 2008 until December 2014. ~5500 oz per month are hedged during this period for ~66K oz per year. The other 100K oz per year are unhedged.
So the statement "Therefore, gold @ $850+++ will not do anything for them until the forward sale quantity has been repaid." is not true. Also lets not forget the approx. the 1st 60K oz produced in 1st half of this year is not hedged so completely leveraged to gold.
GLTA!