North American Palladium Ltd (New) PALDF

Headging

[sunshine7]

anyone here know if the company participates in hedging and to what degree?

[storeofvalue]

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company does not enter into derivative financial instruments for speculative purposes. The Company does not hold any specific hedging instruments, nor does it hold any short term investments that would be significantly impacted from

[BillionaireBoy]

Wow! The Company should set up a Special Operations Department in order to hedge half of their production at favorable prices for periods up to two years. EnCana Energy has a whole department specific for this purpose in the oil industry. I am surprised that PDL is not hedging some of their position. GLTA Longs.

[sunshine7]

being debt free (likely by this Q) and huge margin over AISC, there is no risk management issue. If one believes the current supply deficit will result in higher PoP, then maybe hedge is a future impediment? I trust Brookfield to made the right decision. They are very good at what they do.