GREY:NEVDQ - Post by User
Comment by
bogfiton Dec 28, 2020 8:51pm
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Post# 32189162
RE:"majors that generally have less leverage" - Capt. Ungru
RE:"majors that generally have less leverage" - Capt. UngruThe question was: what was your source of the information you posted about majors and their hedging activities. You see I’m not familiar with that issue in the current copper industry, and actually far less knowledgeable in gold than in the 1980’ s when Barrick decimated the Nevada gold mining industry by selling so much forward it dropped POG below cost of production. But that’s another story. I don’t see that much hedging in the gold industry today and didn’t know about copper miners, so I though maybe you could refer me to some info that would help me to understand. My two silver producers have hedged their base metals by-products forward but they represent less than 10% of their income.
So, what do I get from you instead? Just a bunch of animal sounds and childish clowning. Anyone who respects anything you post is an idiot.
b.