costs costs costs, page-20

If you think that View de-hedged and sold their puts because they had faith in the gold price going up....you are soooo wrong!

The bank made money seeling them the hedges and puts and when they were able to (ie. View was not in compliance with the loan terms) then they made money ...serious money...selling them out.

It had NOTHING to do with the company's perspective on gold prices and everything about the bank making a quid when they can. Wake up!!