They have done extremely well at managing gold sales so far!
For me I would much rather have the surety of having at least the current quarter closed off. They can still lock in further if the aud pog continues to rise.
As a minimum think they should sell current production at the spot price and keep the 11,079oz hedge at A$1,709.
BLK Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held