Agreed. The gold price has been risging over the last decades, investors are in gold stocks because we believe the POG is going higher and history shows Manners was always too pessimistic. All he did was lose lose millions year in, year out with the damn hedging policy.
At least the ounces hedged for 2025 are about half the amount in 2024, and so far what he's done for 2026 is only about 9000oz @ +3100 I think. That said, by 2026 the gold price will be +$4000 so we'll be regretting heding at $3100.
Ann: Resignation of Chief Financial Officer, page-4
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