view closes out remaining hedging, page-17

Anomaly, How would that be so?
The options at 830 were puts, hence the right but no obligation to sell at 830! i.e if the gold price was below 830 they would sell the gold at 830 using the options, but if the price of gold was above they would sell it on the free market and choose not to exercise the options!
Hence with price hovering around the 830 mark don't you think it was a good move to sell the options to almost cover the costs of the flat forwards?