Post by
slewfoot2 on Jan 02, 2025 6:51pm
a bit
early too be adding, lots of time yet ,.... remember gibralter is a boat anchor and needs 4.50 copper to break even.... the 4.o0 hedge doesnt mean tko makes money at 4 buck copper, they wont... need atleast 4.50..... day trading bit coin minerd have my focus currently.... see you all inacouple months...
Comment by
Gmcdonagh89 on Jan 03, 2025 1:30am
I will let your genius decide what making money means...they hedge to pay the bills and grow..
Comment by
JCSunsfan on Jan 03, 2025 10:05am
Hedging is insurance. Nothing more for TASEKO. They are in the middle of a build that will double their EBTDA. They cannot afford to have a cash flow crunch if copper tanks. Insurance always seems like a waste of money until you need it. Collars usually end up being pretty much cash neutral since the sold options pay for the puts.