Replies to post #14178 on Value Microcaps Junior Miners

[cartonet]

NZ$773?? Do you mean Apollo is now taking care of Oceana´s hedges? Maybe they have merged into a new corporation and we didnt noticed. I wouldnt mind at all the way they are performing. OGC.AX up another 8% today. I would have them named Rally Gold and have the Monkey as CEO !

[Bobwins]

oops. Another Senior Moment!!!!!

Dammit. Apollo Gold doesn't have NZ$ hedges!!!!!!

Apollo has hedges at US$850, I think, plus US$/CA$ hedges. but it would work the same. They could deliver gold or pay the hedge holder the difference between $850 and current market in cash. Sorry. Bobwins