Dwecke,
I understand fine. It's you who don't seem to understand.
In the last quarterly report on the first page..
"Credit facilities have been established with the Commonwealth Bank to.....secure a hedging facility."
On p.4 of that report we see SBM has decided to hedge..."the hedging represents 60% of forecast gold production for the next 18 months..."
NOTE:
"60% OF FORECAST GOLD PRODUCTION FOR THE NEXT 18 MONTHS..."
gold hedging...hmmmnnn, page-26
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