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Bullboard - Stock Discussion Forum Wheels Group Inc GRFJF

Industrials Integrated Shipping & Logistics

GREY:GRFJF - Post Discussion

Wheels Group Inc > WGI HEDGE
View:
Post by SOBARS on Mar 20, 2008 11:21pm

WGI HEDGE

How many ozs are hedged and at what price?

How many ozs are being produced per year?
Comment by nwtfe on Mar 21, 2008 4:46pm
Target Production for 2008 is 155 000 to 165 000 oz Au. 60 000 oz of that is hedged at $801. Personally, I prefer a company entering into a small hedge in order to get a mine financed (especially their first mine). The alternative is that they would have dilluted shareholder value with large equity financing.
Comment by SkyeCairns on Mar 21, 2008 9:43pm
Posted by: nwtfe (ID#: 533005) Original Message: "Target Production for 2008 is 155 000 to 165 000 oz Au. 60 000 oz of that is hedged at $801. Personally, I prefer a company entering into a small hedge in order to get a mine financed (especially their first mine). The alternative is that they would have dilluted shareholder value with large equity financing. " ...more  
Comment by Herne on Mar 22, 2008 9:52am
I'm not sure I prefer a dillutted share price.
Comment by thedave2006 on Mar 25, 2008 5:33pm
if analysts say 8 bucks, i'll agree as long as pog goes to 1200-1500. dave.
Wheels Group Inc
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