% | $
Quotes you view appear here for quick access.

IAMGOLD Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • andevenabs andevenabs Nov 6, 2007 10:43 AM Flag

    What's wrong with this stock?

    anyone here have anything to say?

    we've largely missed this huge move in POG. And here I thought IAG had the most upside potential next to NG.

    again, the hedge book is only about 1/3 of production.

    perhaps its the sub $10 share price?


    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • You said
      "again, the hedge book is only about 1/3 of production."

      According to IAG 2007 2nd Qtr statements

      (a) Gold sales commitments:
      On the acquisition of Cambior in November 2006, the Company assumed gold sales
      commitments of 56,420 ounces to be delivered in 2007 at $350 per ounce. The estimated fair
      value was recognized on the balance sheet and these commitments are treated as nonhedge
      instruments. As at June 30, 2007, the marked-to-market value of the remaining 22,311
      ounces was $6,789 and the change in market value during the first six month period of 2007
      was included in the earnings statement as a non-hedge derivative loss. On delivery of gold
      into the forward contracts, the related marked-to-market value is amortized and recorded into
      gold revenue.
      As of June 30, 2007, the remaining outstanding forward sales contracts acquired on
      acquisition of GGL (Mupane) were as follows:
      Year Forward Sales
      Average Forward Price
      2007 38,888 403
      2008 77,776 402
      2009 43,888 407
      Total 160,552 404
      The big boys are just toying with you!
      Hang on - it'll be a wild ride

5.01+0.010(+0.20%)Jul 28 4:02 PMEDT