Question:
I am wondering how hedged Coeur D Alene ticker symbol cde is. I am thinking of investing in this company and their hedging practices are an important consideration
Answer:
One problem that has developed is a mine dispute in Bolivia...they are having geo-political trouble there which is one of the biggest reason the stock dropped so hard from $7 to $4.50(not to mention a 40% correction in price of silver!)
I own some and yes, I think a good chunk is hedged. I also believe its a buyout prospect for their huge reserves.could go lower short-term imo.$3.50 and I'm out.
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