SBM 0.00% 34.0¢ st barbara limited

gold hedging...hmmmnnn, page-26

  1. 24,765 Posts.
    Dwecke,

    I understand fine. It's you who don't seem to understand.

    In the last quarterly report on the first page..

    "Credit facilities have been established with the Commonwealth Bank to.....secure a hedging facility."

    On p.4 of that report we see SBM has decided to hedge..."the hedging represents 60% of forecast gold production for the next 18 months..."

    NOTE:

    "60% OF FORECAST GOLD PRODUCTION FOR THE NEXT 18 MONTHS..."

 
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