Member Info for UpDownFlat

Lawrence when is the hearing delayed until ?

On an underlying basis they made $76.1m

Wilfred1, Lawrence,
you may not agree with it but net zero is a fantastic business opportunity. The big question is who will own it. Elon did a quick about turn on crypto last week as it contradicts the Tesla experience. I can see anti-crypto legislation coming, which might be Gold positive.
Good luck everyone for tomorrow.

Comparatively vs. 2019 POG will do well. I think 2.7p EPS
Vs 2019 which was 0.8p.

Rusty,

irrespective of the fact that they sell it at a discount, they are still liable to pay the difference on the option that they took out.

It’s called gambling.

(($267-$175)*(700,000*4))*40%

Yup you're right. It's only a potential $100m p.a.
Forgive and forget, that's what I say.

Straight out of Pavel’s playbook.
The moment things look like they are going to seriously move you do something to get the profits and it comes with a crass statement.

"I think I will increase the convertible options by another $25m".
"we don’t want to gamble"

A cyclical commodity business after 10 years of bust being part hedged against the boom??????

Rusty,

answer this , why not only hedge for downside ?

"oh dear, we made another mistake "

This was, from what I remember, a separate call and put.

The question investors should be asking is who was the ultimate beneficiary to the upside risk prevention element of that transaction

"make hay whilst the sun shines", feedstock is at high, but I am sure Peter wont want to gamble that it might go higher.

IRC can still make $70m of cash in Q2 despite the bad management.

KRSS,
the issue is that he didn’t just cover 40% the downside risk, he eliminated 40% of the potential upside gain. The potential impact on cash and therefore the balance sheet is very real. Not nominal at all. At today’s price he theoretically eliminated $100m pa of potential revenue/Ebita/cash for what reason? To save $1m in potential downside only hedging costs. He is a genius !!!!!

Well ok then.....

Freddie,
A. He is a ******
B. He gets a kickback
C. He is short

I cannot rationalise using a collar in a bull market for any other reason.

KRSS, really do POG want to buy more IRC, especially since that genius Hambro hedged 40% of production against an upside ???

2023