GREY:GPLDF - Post by User
Post by
cyanide5on Jul 04, 2020 11:43am
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Post# 31224002
Firecracker
Firecracker He has a history of drumming and beating up stocks. While his financial analysis is of great value, he drums up the wrong stocks and then bashed other stocks constantly. I don't understand his agenda. He has been bashing USA for years and was initially a shareholder. Then he moved on to trevali and said it was the best stock ever. Look at the price of trevali in last 2 years.
don't believe anything he says. At least I give it no value.
while the hedges were a stupid idea which I think all of us know already, the good thing is gold hedge has come off as off June 30th. The FX hedge was the bigger problem and will continue to be a drag but let's look at it this way. They hedged their local costs which would have had to be paid regardless at a higher rate than 2019. So while initially a smart move no one knew Covid would have happened and the Brazil real depreciated conaiderably. This would have been a net positive to bottom line which would not happen now. That's abt it. There is not more to it.