I was expecting....
- That the management had put forth some hedging strategies in their last conference call.
- Gold Price was at $1380+ at that time and I hope EDV has hedged their Gold Production at $1350 or higher for the next 3-4 years. as they do have to start paying off their massive debt in the next couple of years.
- By the looks of it, Gold seems to have finished its "dead cat bounce" and, in my opinion, is now headed below $1000 over the next 3 - 6 months.
- I have already sold 90% of my positions in Gold Stocks as this sector is going to be just a "loss leader" for the next couple of years.
- Greed is what will kill these miners. The Banks will make them hedge their production or will run them out of business. I hope EDV made a wise move of hedging at $1350 or higher, otherwise... they are "TOAST".
GLTA...