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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?


To: LoneClone who wrote (12044)4/25/2013 3:09:07 PM
From: hubris33  Read Replies (1) | Respond to of 12175
 
Speaking of miners in trouble....

I see that Crocodile Gold took advantage of the "dip" in POG to close out all of its forward sales of ~1560 and was able to net over $50MM such that they paid down some of the 69M debt down to the 11M range. Not a bad day's work to clean up the balance sheet! Guess it helps when a Hedge Fund owns 70% of the shares - they know how to take advantage of a good drubbing in POG!