Is the rationale in buying another producer you can get rid of bad historic forward sells quicker
Makes sence if you are not overpaying for the other producer
If you hedge you are deciding the price is going down, if you do not hedge you are deciding the price will go up. Some companies hedge some as insurance
Of course you can always sell gold/aus$ (2 tgransactions) options to hedge, at least you are only paying a premium, as a maimum loss
And of course if you feel the POG will move but the A$ is steady you only buy gold options
Given a producer you could sell gold calls also
There really are a few options out there
RRL Price at posting:
$2.62 Sentiment: Buy Disclosure: Not Held
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