RED 0.67% 37.8¢ red 5 limited

GOLD / RED 5 & SLR ON FIRE. Wishing all well., page-13

  1. T3X
    67 Posts.
    lightbulb Created with Sketch. 7
    Yes awesome times
    'The overall hedging is reducing 1/4ly and the price of Gold in U.S and Aussie dollars is slowly offsetting our hedging'
    Could you explain your statement above? If the hedge is so much per ounce wouldn't this be the price for the life of the hedge regardless of POG?
    How can if be offsetting?
    Again thank you for your informative and knowledgeable replies.
 
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