luuuuurv dat bot, page-8

mav777,

so if all bond holders take the cash and GDO has to borrow approx USD50m why would it be a bad thing to have to hedge say 50% of the next 2-3 years production with gols at us1350.

My view is too many people think hedging is terrible. It is all about timing -if you hedged at US350 with rising costs it proved a poor trade. But at US1350 with cash costs approx USD400 I think to hedge 50% of production up here would be prudent.

Although I've been a gold bull since 2003 and hope gold goes higher it would be good for GDo to get rid of the bond holders and if they have to hedge some production at these levels with their cash costs I'm all for it.

Regards
Arbroath