costs costs costs, page-12

So thats why everybody else in the industry has been dehedging. Its all about risk management - no point in being exposed to have to supply to meet hedging committments if you don't have to - problems can happen that interrup supply and thats the end of the company if they cant afford to buy it.

Honestly, don't you feel happier being exposed to the spot gold price rather than having hedging committments.