GREY:GRFJF - Post by User
Post by
prestedon Sep 02, 2008 5:10pm
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Post# 15425947
Crying out for a buy
Crying out for a buyAt today's price of $1.53 ya gotta wonder how much lower this can go. Reluctant though I am to buy more, I just have to. I figure to double my money in a year or less.
I imagine the heded position is one of the reasons WGI has fallen out of favour, but when Peter Munk was interviewed on BNN last week, he said that when a gold producer is small, it is very prudent and appropriate to hedge, and with the drop to just below $800.00 today, who can fault WGI for doing so.
Good management hereO. Good luck to all.