1. Most Discussed
  2. Gainers & Losers
  1. Members, Techs apologise for the loss of thread titles, and are currently working on restoring them. They will be back asap. Thank you
SLR 53.0¢

The SLR playbook

  1. sarge17

    927 Posts.
    19
    Play book:
    Decide to build a new mine and gold project based optimistically on the POG going up forever.
    Incur massive cost overruns during construction for a total cost of approx $100m.
    Start mining and realise that the the project is a dud due to falling gold prices and high cost of production.
    Place dud mine on care and maintenance incurring ongoing costs to balance sheet as POG keeps on falling.
    Finally hedge gold sales at very low Aussie gold price and forward sell gold to a bank to ensure cash to survive a bit longer.
    Watch as the Australian POG soars to almost $1700 per oz way above hedge price.
    Can't wait for the next master stroke by the company.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.