Royal Nickel Corp. RNKLF

RE:RE:RNC making A$55 million more profits now, right place/time

[pierreg]

Paul Huet gives no indication of adding hedges. On the contrary he wants them to  «  roll themselves up and then, give us exposure to everything else. » 

Commentary on Hedging video segment:
https://www.youtube.com/v/0jP9m4pYGeM?start=655&end=771
 
Paul Huet: « The hedges that are put in place are standard practice. This is not something that's out of the norm. To acquire a certain amount of debt.  It's standard practice to secure a certain amount of that with hedges in place at the time […] June 10th we were doing all that financing […] I don't know the exact amount but it's about $300 an ounce u.s. less than where it is presently today. The time those hedges were put in  they were the right thing to do in order to secure that debt. Look those things will roll themselves off. Approximately 80 percent exposure to the upside, 20% hedge. Don't quote me on the number here Matt but I believe it's 17,000 ounces remaining for us to roll out there. That we'll do month after month that will likely be sometime March that they'll roll themselves up and then, give us exposure to everything else. There's not a whole lot of hedges out there. If you think what is the trade-off for our shareholders.  I think we should be applauded for actually thinking we can absorb some amount of debt and it makes us a lot sharper. When we have a certain amount of debt on our balance sheet we're working, we're always crisper I find. Good on us for putting on a certain amount of debt and not adding that extra dilution. »