GREY:RNKLF - Post by User
Post by
Farquaron May 22, 2020 12:19pm
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Post# 31061316
Hedge is almost all gone
Hedge is almost all goneThat hedge at 1350$ is history in a few weeks...the profits going forward will be significantly impacted by this . We are talking minimum 5 - 7 million$canadian per quarter.. That 9 million $US morgan Stanley royalty buy back will be paid for in about 2 quarters or less. . This 2nd quarter had only 3500 ounces at 1350$ and so this present quarter will show an extra 3 million$ profit ...things are still looking extremely promising for RNX...management is doing a good job...