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Revett Minerals Inc RVM

Metals & Mining Industrial Metals & Minerals


NYSEAM:RVM - Post by User

Revett Minerals Inc
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Comment by joe_trouton Dec 23, 2010 8:39pm
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Post# 17891279

RE: RE: RE: Doesn't make sense!

RE: RE: RE: Doesn't make sense! I guess anything is possible, but the odds of silver going to $10 is essentially zero. The problem with hedging is that you lock in your price while Bernake et al. continue to debase the dollar. Why lock in on a worthless currency? You just play into the hands of the banksters. They want you to hedge.

I have been here since RVM was 0.25 (presplit) and I have always been wary of their hedging practices. That said, fortunately they didn't hedge everything...if so, I wouldbail even if the hedge was put in at current prices. I am looking forleverage to the metals prices and I am hoping RVM can provide it.
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Dealroom for high-potential pre-IPO opportunities