YEs, it's a complete cop-out
They could pay a professional Treasurer a couple of hundred a year to save/make them millions........ I'm currently available......:D:D
Unfortunately, Pike is the same.....when asked what their hedging policy was, Gordon's eyes glazed over and he announced they don't have one.
If they ever want to borrow from the banks in the future, they will be asked to put a hedging policy in place........now that they are a producer
Leaving La-la-land for a short while
In other news, the price of oil drops significantly overnight.
regards
Paper Tiger
hurricane Bill on its way
Quote:
Originally Posted by
friedegg
after 5 years and quite a few headaches,i shall be looking for an exit strategy before sept so doesnt matter to me shares or cash,would have hoped for a bit better than the low 160s,but debt and no work has sort of forced its hand
There is a lot of potential for a substantial sp rise in the near future so if you have any choice friedegg dont sell them all in this undervalued nervous market !
-like digger I will be getting my dividend in shares-a 2.5% discount is all the incentive I need