With hedging you have to be ABSOLUTELY certain that you can deliver your ounces. Looking back at BDR's production forecast history gives me the shivers.
Imagine in a rising gold price environment, (when it eventual materializes) BDR having to buy any shortfall on market. Would send them broke before you know. SGW a classic example back in 2004 & their management seamed to be much more qualified then our clowns.
60 cents target in 6 months, page-5
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