Although it is not nice to see the share price drop like this, I don't think there is reason to panic just yet. Even without the hedge book, the company should be making good profits with the current POG of almost AUD 1,500. My understanding (based on the December 2013 Quarterly Activities Report) is that they are working on a updated life-of-mine plan which will result in an amended (less aggressive) schedule of principal debt repayments.
