I agree.. I think the hedging program appears prudent.
I get we have a solid funding base but a catastrophic outcome would be needing to return to market for funding or being unable to progress development in an orderly efficient manner. And I think the hedging is just part of managing this risk.
We are not a first quartile costs operator and locking in forward cashflows will certainly be beneficial in my mind. It should be a completely different discussion in 3 years though when we are hopefully debt free with Federation, New Cobar and Peak up and running.
Im happy with the update and continue to hold for long term.
AMI Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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