Coeur d'Alene Mines Corp. (CDE)

[printmail01]

I remember a few folks on this board busting my chops when I complained about this hedge , my exact words were , EPS will suffer for long term until this is taken out , and once the "street" sees you lose money on gold hedges , as small or non cash as they are , they will make you pay dearly for it. IMO Gold Hedge was stupid and greedy - the should have sold shares or found high interest financing , now if Gold hits $2000 ounce , this non cash hit to earnings is really going to hurt us.....

I need to go find those orignal filings on the royalty , how many ounces was it for, and how many have we produced so far , can maybe try to figure out when we will get out of this mess.... ARG... I knew it , knew this hedge would hurt us long term.... $32million hit on one quarter... imagine if that was profit to the EPS , our stock would be flying today , huge EPS....