Great news imho; they have hedged 50% of the production (50k ounces?) for the next two years at AUS$1575,- which should enable them to get a nice profit one way or the other at costs of +/- 1100$ per ounce.
I just do not understand why the shareprice doesn't reflect the developments of the last (and next) 6months orso. Anyone any insights?
Cheers
