Need some help soldering Binding posts.


I need to replace my posts on my speakers.I've an excellent soldering station
and will be using cardas solder.
All binding posts have a hole what is its function?
When applying the solder I've noticed I must use more and apply over a greater area,Is this correct?
Is it ok to use flux on the post and cable then solder?
Any advice.

Mike
hiendmmoe
Use PLENTY of HEAT - we use TWO 35W soldering irons when soldering binding posts
+1 or use a 50w-100w iron.

Cheers George
UPDATE: Sonic Craft has recently told me that they always loop the hookup wire through the little hole in the tip of the Cardas binding post before soldering. So, I apologize to those whom I disparaged. 

However, Sonic Craft still commands that a 250 watt+ soldering iron be used. I can verify that the post heats up so quickly with that wattage iron that within a matter of perhaps 30 seconds the solder literally flows even more quickly than water. Just use enough to hold the connection. Do not fill up the tube with solder as I think it deadens the sound and I know for certain that doing so wastes a ton of solder. Additionally, I would say after having filled up 18 Cardas binding posts with solder (7.2 system with passive subwoofers) while using a 60 watt iron, installing them all to the speakers, then uninstalling them, heating the posts, dumping the solder, and then re-soldering using a 250 watt iron after laying down some extra flux and just enough solder to solidly hold the connection, that the improvement in sound quality is amazing.
The rule in my day as a tech were to make the connection physically sound, and then solder. Do not use solder as a glue.

Don’t forget to prepare the mating surface of the binding post before soldering by lightly sanding or wire-brushing. This, as well as a modest amount of rosin flux (never use acid flux) will ensure the solder “wets” correctly. This provides as close to a molecular bond as possible. And yes, wrap the wire firmly around the post, or double fold it over if inserting in a tube before soldering. This will give you the required mechanical integrity that is necessary for long term reliability. A good soldering iron or station with the correct (1/8” or larger) tip should be sufficient to heat the post and wire. My preference is the Weller WTCPS or WESD50. 
There are so many images of improperly soldered Cardas binding posts on the internet that I decided to change my profile image to that of a somewhat correctly soldered Cardas binding post. I say "somewhat" because when I have the time I am going to redo mine by first looping the wire through the little hole and then soldering. I did not do this initially because I needed to be able to remove the nut, however, now I do not because I switched to Cardas mounting plates that mount over small cutouts in the back of my speaker cabinets. 

This solder was done with a Weller 300/200, Cardas solder and extra flux. The solder will flow like water when heated with an iron having the correct wattage. A 60 watt iron  ill heat the Cardas binding post sufficiently to melt the solder and make the connection. However, it will be a cold solder and will not sound as good as a wet solder. I know this from experience.