Hedging was probably necessary as part of the startup funding...

Hedging was probably necessary as part of the startup funding requirements -

And now quote: "View, in consultation with its bankers"

- have decided to dehedge 50% of its 2 year 08/09 position.

This is a vote of confidence by the banker that Views production issues are short term and confidence in the positive leveraging potential being exposed more the gold price.

I half expected this announcement was going to relate to production issues - as I can't remember a gold company I have invested in over 30 years taking less than 6 months to fully scale up production and generating positive cash flow. 12 months is probably an average in the industry. Anyone know of one who has done it in less than 6 months?

Anyway I would love to buy some more shares in this company at 24 cents when it opens up again.