RE:RE:RE:RE:Hedge InformationYou are right no hedging as per say but it is a very sophisticated way of hedging with the Price contracts. Not easy to understand but they have price sensitivity tables on their website in their investor presentations. They sign thses contracts for pricing many years out so nothing would be all of sudden priced on todays price and locked into it. They are complicated and have much more research to do on them before I truly understand them.
Also I think the company made a very smart move by giving out the news release the other day rather than waiting till the 2016 year end fiancial. They have investor seminars lined up between now and then and would be hard for them to look the investors in the eye and make their sales pictch knowing they were going to show a loss. I think it gives them credibility.
I see no panic to buy and I am sure there will be lots of opportunity over the next while to pick away at this stock. For those who are here for a quick short term win I think there are better plays but for a long term investment I think this will pay off quite nicely down the road. all the best........g