Interesting. RMS management regard hedging differently to many HC punters. It may be that is because, in their minds over the years, hedging is a crucial factor in survival, not simply profits. I'm not saying we HC punters are wrong. Just that we can't feel the atmosphere - the industry insider wind and the tide - in the way management can. Not making excuses on their behalf. Still, many of us are having trouble matching the disconnect between miner share prices and gold prices. Oil doesn't work this way...
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