I think the company can hold off their hedging until we see what direction the pog takes near to medium term given even when it was down $100 USD from where it is now the AUD price hasn't changed all that much. Hopefully we'll see a breakout and a surge in gold and they can lock in some hedges circa $1700 again.
If they do hedge now and the pog goes north every man and his dog will be on this forum tearing shreds off management for doing so..
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