As they say hindsight is a beautiful thing and it's easy to look back and say it wasn't the right call. If it went the other way we would all be saying Martin is a genius how good. At the time it was a prudent decision according to the board to protect the BS. Of course we would all like an additional $12m in the kitty and it does anger me some what. I am sure they have learnt a few things along the way and hopefully future decisions on hedging puts us in the money. Having said that hedging is not speculative or a method to make additional revenue, its to protect the BS in line with cap ex. I would much rather miss out on $12m and have pretty much every other aspect of the business going great then the other way around. As they say shit happens and it's time to concentrate and execute decisions moving forward.
AMI Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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