RE:I listened to the call this morningyoungmoney wrote: good results 2014 and good 2015 production profile of 200-230,000 ounces, that's quite a range. The stock pile of 300,000 ounces is new, I read all of their press releases and listened to prevous calls and they never mentioned it before.<br /> <br /> The hedge at 1297, I'm not clear can someone pls explain what this is? <br /> <br /> The questions and answer part was funny when "Vince" got cut off intentionally for trying to make the CEO comment on takeover talks - he sounded dumb with his question/comment, good on Richard Young for not entertaining that. <br /> <br /> anyhow - I'm still holding and should I buy more, what do you guys think? I have 10,000 for emergencies.<br /> <br /> <br /> <br /> <br />
Hedging 15000 ounces at 1297 is a good plan and good on them. That's 19.5m minus fees which should be minimal. I wonder if they can push out delivery if gold shoots up to 1350 or so or deliver part of it the 15000 ie 5000 ounces at 1297 and 10000 at spot if gold is higher.
Hedging could be back in vogue again.