Comment by
lscfa on Aug 14, 2022 1:23am
why don't these damn fools hedge their gold sales? The Q2-2022 gross operating margin amounted to $6.3 million (11.7% of sales) compared to $6.5 million (15.2% of sales) in Q2-2021 and was negatively impacted by the unfavorable trend in gold market prices during the period compared to a favorable trend in Q1-2022 and Q2-2021.
Comment by
Moogul on Aug 15, 2022 5:29pm
Becuase then when it goes up they lose the upside... also the hedge isn't free... Investors can hedge through diversification elsewhere... not like these guys are at risk of a divy cut being no where near a high payout.