I re listened to the last hedging question by Ashley Chan it...

I re listened to the last hedging question by Ashley Chan it starts at the 40 minute mark well worth hearing. He quotes that we lost over $ 4.5mill with the 1st hedge and $ 7.5 mill with the second hedge. That is $12 mill all up. It is lost money you can't depreciation it like we could with Dargues. Martin avoids answering the number at first not expecting the second question with the $12 mill number that Martin then confirms. We spent 4 mill on 2 new trucks which which was a good purchase. This money lost would pay every board members salaries for the year. Accountants generally don't make great innovative leaders they are to concervative and eliminate risk and are good at keeping score. With Dargues disaster so resent Martin should have just said in hindsight I stuffed up. I think hedging Gold, Management need a board meeting to analyse all this Gold hedging over the past year. I personally think Gold will go higher as China Russia and India would love a Gold backed dollar in some way. They are all acquiring fisical Gold as the USA dollar is not wanted. The Gold investors like myself hate Companies that hedge and will choose non hedging Gold stocks which pushes up the shareprice. Our Management should know the more they hedge Gold they loose Gold investors. Bryan Quinn and Andrew Graham should make the large decisions. When I first saw the Gold hedge I knew the shareprice would finish lower. Every time they hedge higher as Gold goes up, it covers up there lower hedge mistake made previously. And new investors only see the latest higher hedge which is not that bad. But that 12 mill is lost gone and covered up. CHEERS