view closes out remaining hedging, page-18

The hedging was a requirement place upon View by the bank as part of their risk management policy should the gold price fall.

In consultation with their banker View has dehedged. This tells us that the banker and the directors see a reduction in risk because:

1. The situation in the USA almost guarantees a weaker dollar and high gold and oil prices for some time to come.
2. The end of the current period of central bank gold sales also is positive for the gold price.
3. Developing countries like China over the next few years will seriously be raising their level of gold reserves not US dollars.

- there are other factors as well and the market is telling us that producing gold miners are in for good times.

- and I think importantly its demonstrates a level of confidence where Bronzewing production is at. I don't think View's banker and major shareholders would support the full deheging and further short term financing options unless the project was certain to have positive cash flow to repay debt in the very near future.

Welcome back jimjim!!!!