Hey Mr Green I like your uplift to the Qtrly figures, I have increased my expected production which also now falls outside the range mentioned several times by the Co - 63,500 for Q4
this now makes me think about what a prudent MD would do with $375m in the bank 1. Share buyback ? 2. Divi - Franking credit account says no 3. Buy a local 4. Up / down stream supply chain purchase
The hedgebook is hurting a little - the question always in tear away commodity prices as to when they think about locking away some % I would look at 5% of production at todays prices for as long as possible and then another 5% in say 4 months
*sentiment changed to buy
GMD Price at posting:
$4.37 Sentiment: Buy Disclosure: Held
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