RE:LaurelI agree 05 on the continuing hints of strategic acquisitions. That's why I felt Mimran's stoppage of almost daily share purchases was tied to a special deal coming. His history is keep buying with both hands until he reaches his limit and he's paid much higher.
There's no question they're banking on improved IRR of at least 20%+ on Banfora and likely drilling the pi$$ out of it to boost it.
The share price should be at a bare minimum, $5. The good news for me is I almost doubled my position when it was $2.50 and under to the point my average cost is now profitable.
Gold itself looks great and because it was under $1,300 for almost half the hedge price time period, gold would need to go above $1,400 before July to make the hedge less worthy than to have sold into the spot market. All in all, their hedge shouldn't hurt them.