RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:bingo!!nofluff wrote: Bad accounting anyway u look at it j.c. My entire 6 figures is now swing.
The call sell was in no way needed to secure flor. The put was. A long way to go, to get to 5.70. But maybe not if we are truly short copper.
With flor and gib buildout and 5.70 copper, tko should b a 10.00 bill.
Flor and gib buildout and copper price are wildcards. Right now. Looks like they r 3 aces in a hole.
nf
It depends. How much did they net from the calls? How much did they pay for the puts? How much of their production did they encumber with the calls they sold? If they did at all. Did the calls they sold actually encumber production or are they just using calls as a financial mechanism?
Copper will probably have to be well above $6 since they have the premium. I think that likelihood very low. It tends to go down quickly but up much more moderately in speed.