Funny they don't mention in the financial summary the price they hedged 50,000oz at A $1,435/ounce.. about US $1,286/ounce based on the exchange rate...
The hedge book is on a negative US$ 6.2 mil based on the current gold at US$1,410 and the 90c Us exchange rate.... Not very clever move me think...
smashed, page-28
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