who is Buckland?
He sounds like a nice chap if he has morphed. To be fair, I have never met anyone who is similar to me that I didn't like. (You will need to cope with double negatives).
Speaking of which, double negatives.
We needed to crimp the future in order to get a loan. Right?
but I do agree with you, I need to offer up my first-born like everyone else if I ask for a loan on good terms.
So here is another double negative, someone took at a hedge on the other side of MOY. So who is this completely stupid clown dressed as a banker who takes out a hedge thinking POG will rise, while MOY who is in the business of pulling up gold is terrified of the price? I am a shareholder, and I am not terrified. If the gold doesn't get dug up this millenium, it will be in the next, in otherwords, it isn't going anywhere.
So who is terrified? Who would suffer most if mothballs were needed for a few years? mmmm... starts with mmmm. M?
The point I am drifting towards is that the lead up to commercial mining ran us out of money. The point of commercial operations is to be "commercial", not immediately go into hock. So, who mismanaged the entry into commercial operations.
Must be the roads.
...or the weather.
Maybe I am just old fashioned.
I don't expect any answer from you nor harvett on the hedge benefit other than trite homilies. I note H spends an inordinate amount of time on HC GOLD, so he must be some guru so should be able to answer.
Lets start with something simple...at what POG does MOY close out the hedge, how much did it cost us for that insurance. (HINT: you may need an equation).
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