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Wheels Group Inc GRFJF

Industrials Integrated Shipping & Logistics


GREY:GRFJF - Post by User

Wheels Group Inc
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Post by keizaigakushaon Dec 26, 2008 11:22am
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Post# 15667473

Gold Hedge Gains for Q4

Gold Hedge Gains for Q4    WGI should have a nice boost to earnings in Q4 with the increased value of their gold hedge.  From their last quarterly filing mgmt notes that a 10% fall in gold price from $885 will produce a $35.1 million gain in the mark to market value of their gold hedge.  Given gold is trading around $847 today, we should get a gain of roughly $15 million to earnings from the formula above.
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