In light of some of the negativity being posted about View's announcement, I thought I'd pose a question.
Is it possible that the de-hedging strategy reinforces the Company's confidence that the operation is beginning to demonstrate "strong evidence of the higher grades and overall tonnages"?
I think yes, because for the normally cautious Tim Gooch to want to de-hedge at this stage suggests he is very confident of Bronzwing's future, and also that of the gold price. Many other gold companies have de-hedged, or in the process of de-hedging at this time.
Thoughts?
VRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held