I wonder if this was a voluntary undertaking or a forced one? Not that it really matters, but would be nice to know how much pull the bank has over us.
But I don't understand why you think we get the money now. My experience with hedging is that you get the funds at the agree price on the strike date. But I guess there might be new bank products which allow pre-payment against future production, but this would be a very aggressive stance to take and I wouldn't think Andre wouldn't be up for that at this stage.
Can you please elaborate on your comments.
Ann: ADDITIONAL COPPER HEDGING FOR TRITTON, page-4
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