I was at the footy enjoying a beautiful half time beer when we last corresponded but I will touch base for the last time to discuss this issue.
Note 24 of the IGO 2020 Annual Report did indeed disclose IGO’s forward gold sales commitments. However, although that is objective truth my humble (and perhaps ignorant view in your opinion) is that if I wanted to know what RRL’s hedge commitments were I would be reviewing RRL’s reports rather than IGO’s. Although IGO’s hedge book is not material enough to worry about for a $900m sale, my suggestion to you is to review the hedge commitments reported in the next RRL Quarterly Report.
RRL Price at posting:
$2.57 Sentiment: Buy Disclosure: Held
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