costs costs costs, page-34

Electra you a correct that debt financing is often packaged with hedging but not necessarily. It is definitely best avoided. View had a lot of equity funding support in chain as well independent of the Investec finance which put View in a reasonably strong position.

Mining companies who are finding it difficult to get funding often have no choice but I cant see any evidence that the Investec Loan and the puts and forwards are part of the same contract. Timings of announcements were separated in time. Hedging can be done independently and commonly is as part of a company risk management approach.

I've looked for evidence that the Investec "forced" the hedging and put contracts to View but I can't find any - can you assist? All I can find is that Views management "consulted" their financiers at the time of deciding to dehedge which is probably prudent.

What evidience do you have to say that Investec forced the issue with View and that View have defaulted in anyway? You may be correct but at the moment it is pure speculation you are putting forward.

Would appreciate more information.