Coeur d'Alene Mines Corp. (CDE)

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Not the good ones... Market will crush a hedger in an up market. Look at the CDE filing , those hedges destroyed a record quarter , we would have had well over $30 million profit w/o the hedges.... If Gold goes to $1500 or $2000 like some say , CDE will be crushed , we could see silver $25 , record production , and LOSE money because of the hedge....

I am LONG CDE stock and still hold a lot of 2010 call options , hoping it does well for sure , but the facts are, CDE hedged gold at super low levels and it is going to eat us alive until Gold goes back down to well under $1k (and you know silver will follow it) or we take the hedge out... The Market will crush a hedger in an up market..... That hedge sux and was total greed imo , CDE could have dilluted shares, took higher interest loan , we got $80million cash on the hedge , we just gave back $39million profit in one quarter.... ugly...