GREY:MLKKF - Post by User
Comment by
clarkesandyon May 11, 2010 10:30am
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Post# 17084176
RE: RE: The $3.01 CU > 6 yr hedging is NET !!!
RE: RE: The $3.01 CU > 6 yr hedging is NET !!!The six year hedge is not the best, but could turn out to be a real turning point should copper fall, which some are predicting.
Also, they have cut their interest by 700 000 a month which is huge so that should help out for sure.
I have been with ML for over four years now, and know that with the way things are going, the time to get in is now, for the price went from a buck then to thirteen on nothing more than speculation. Now they are producing silver, moly and copper. Then it was just copper. They do have a lot more shares and money owed out, but they are approaching on new highs for all of the metals produced and have the el pillar as the gravy. The markets will be looking at ML even more now that Australia is taxing the crap out of their miners. ML will shine again very soon.
Just sit back and enjoy the ride. Lots of flippers, pumpers and bashers. The longs will be the real winners.
GLTA
CS