I must say...at first, I was surprised at the hedging & I thought it was a little low at the time.
BUT, after reading all the logical arguments for & against, I have decided to throw my vote behind the "Well Done Management" side of this debate!
In such a short space of time, 1 or 2 weeks the POG is now AU$2701 as i type.
The biggest positive is that now the company can plan "With Certainty" how much it could pay a Div.
Which I believe will be announced before the end of March(only a guesstimate as I'm not a professional)
I also see the SP over 4c in the not too distant future!!
WTS..... Watch This Space
Cheers....as always, DYOR
PaP
Ann: Beacon Enters into Forward Gold Sales at $2,715 per Ounce, page-106
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