GREY:GPLDF - Post by User
Comment by
Jasper16on Jun 11, 2011 3:33pm
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Post# 18702974
RE: Gpr/gpl
RE: Gpr/gplThe price GPL receives is based on a two or three month average (I think two) . This is managed via a contract with exact formula's and takes out all the day to day swings. This is standard in the industry with most metal producers. Nothing out of the norm here. They have no hedges and in fact the minor hedge they had for base metals I believe expired also. Were un hedged bottom line.
Yes the share price is gay but what isn't anymore. Bottom line is I want a divi ((((((a divi)))) this way all these gay games with share price wont matter as I will just reinvest and grow my GPL every three months. Which will grow my divi and so on and so on.
First Majestic is starting a divi next year as others in the industry are starting also. The divi will change the game and make miners popular with pension funds pumping us with cash.
Yes it all sucks and I never stop being pissed after being here for 8 years but everything is BS in the world today so make due hug your kids and double down on the mini crashes.
hang in there!