Top up or miss out, page-2299

It's all about timing.. yes in hindsight no hedge was ideal.. but these guys are not quite gods so have made a mistake or two.. close though haha.

At the time (PRE Covid-19) gold had run up from $1800 to $2500 --- the AUD was looking like it was going to reverse and looked to break out above 70c again, and that gold pre all the massive stimulus might of had some downside pressure.

All very well to say now how it was a poor decision with full hindsight.. but i would suggest COVID-19 made it look like a far poorer decision than it was.. and TBH GOld in AUD has come back heaps (so they almost called it)

We got to $2750 and back to $2500 now heading up again.. BUT... what goldy wasnt hedging? Seems like you are unfairly having a go at this board when its common practive and TBH many goldies are hedging there gold at a way lower price..

YES>.. moving forward no more hedges.. the huge amount of fiat debt creatioin means gold will go to $2000 US and really a lot higher as fiat currencies are dilluted requiring more to buy a single unit of gold (ceteris parabis).

Anyway.. hedging is common (look at DCN if you want to see really very bad hedging of a gold that might kill the company), the hedge is quite close to todays gold price.. the hedge will soon be over.

I want to get Beacon gold bullion from the company instead of divvies? Anyone else keen??? Would love to discuss with managment... dont need paper money and pysical premiums are huge so id say many here would jump at the chance to pay a little to get divvies converted into bullion.

GOLD SPOT is sky high, proberbly going higher
Our board is about to pay off debt.
Our profits are massive

Not sure how anyone is going to make me unhappy holding here, just everything working in our favour.

Looking to buy in much? haha