stock watch, page-26

seuss

I understand that NGF have the right to agree or not agree to Lehman's administrators on-selling the hedge. If that is the case than why would they agree?

However, a prudent approach is to assume the worst case position in relation to the hedge.

I still think NGF is worth more even if the hedge is not voided so long as POG does not fall (or $A does not rise) significantly and NGF lowers its production costs. At this stage NGF are generating enough cash to increase output by 60,000 ounces per annum, an amount that almost covers the negative impact of the 70,000 ounces pa hedge.

loki