No I didn't misread your post.
Stating what is a premature hedging position would entirely dependent on knowing the POG and AUD in advance to determine it's intended premature .
It may well be the case and you may be correct .... but you are guessing as usual with the suggestion the others who take a different view are incorrect.
Again you may be correct but you are guessing as usual !!!
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-39
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