TSXV:CAV.H - Post by User
Post by
jplaneon Dec 21, 2010 7:21pm
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Post# 17879314
hedge
hedgeI felt the hedge was fine, especially considering what could happen to the cost of Copper looking back at what happened to the cost of Nickle. Most of u have been lead to believe by others that $4 for copper would be hard to obtain. u got 3.97 and only had to hedge half the production and for only 2 years. If u think it was a bad deal, buy some $3.97 calls for the next 3 years and get out of BAJ. I pushed us back up to $1.10 yesterday on news of the hedge with my money. As was previously mentioned someone was trying to push it down yesterday and today (good luck with that ).That's been tried before and only works short term . 18% is a long way from 90%. (fundamentals ?) As was also previously mentioned the fundamentals for BAJ outweigh those of your other company, use your tech for the swings but in the long run ?