Lowest price low since 2015

With the USD zooming higher and the AUD sinking lower and 1830 POG we all collecting $2660 per ounce.....this number is pretty juicy when you consider the last 12 months and just shy of its high, yet we are down to levels seen in 2015. I know Regis has had a few production issues and there are delays on McPhill, but surely goldies are now incredibly enticing to value style fund managers, and the hedge book is much less of a problem than what it was 12 months ago was 320,000 0unces, delivering avaregaed sales $2121 while today we sit $2660 excluding the impact of hedging. As of last quarter we had $167 million of cash and bullion which excluded about $25 million. Twelve months ago the price was $2.60, now we are $1.55 - and I thought these fund managers employ mathematicians...........I don't see their numbers stacking up.