I read a while ago that kgs did not have hedge
pgm. If it is true, should kgs not announce or let
their shareholders know?
when gold was around
280 their share price was 3.70Cdn.
jump but settled down around 4.10.
only 10% gain..
I am really upset.
Like I said yesterday their hedge
problem is basically non existent. 15 per cent now and
when production increases, down to say 10 per cent at
320, big deal, plus any time they have to they could
high grade hoyle pond they and rev the engines up big
time if they ever really had to. As for buying royal
oak property that to me is a bonehead move as they
are as likely to find turnips in that mine as gold.
It has been mined since before the Magna Carta and
it was low grade high cost then. No matter I think
we should see it back up to five bucks pretty quick
if gold holds in the 320 range. I own in us. dollar
so am looking forward to 4 bucks u.s.
thanks for the news. I get the same 15 to 18
percent, and in such a way as to be less risky than most.
Thats what I wanted in going with this company over abx
or even nem. Upside leverage. Of course if gold goes
back down thats my problem, I just dont want it to be
a problem on the way up, otherwize gold companies
might as well like corn farmers, or soy bean farmers
with the r and r
hedged away, and not being paid
very well for their efforts.
At 12;48 news out on Yahoo (Reuters) N.Amer
producers not to be put in same basket as Ashanti and
Cambior, via analysts from Merril and TD Securities, most
US producers have lessthan 25% hedged and no short
Well I thought if they were squeezed, they
wouldn't be buying more gold property. Of course they
could just let the shareholders know whether there is a
problem or not. The 900 thousand hedge over 6 years
represents only 16% of annual production.
They dont have a one that seems to be
destructive, no , as further reasearch on my part indicates,
but there is the 38,000,000 share block overhanging
the market. But its such a small purchase Timmins
that I dont think it has anything to do with hedges
one way or the other.
As of June 30 Kgc had forward sales over 6 years
900, 000 ounces between 300 and 323. When I get a more
current response from the company I will post it or would
appreciate anyone else posting the facts of the current and
Kinross ain't cambior or ashanti. They have very
little hedge position and will not get caught in a
bigtime short squeeze position. This is what kept the
price down in a bad market but will give them good
upside if gold stays at 320 or so. No fears whatsover.
Market overreacted bigtime yesterday.