Werner,
I feel the same way about hedging. It hardly never works in company's favour. For example I held shares in a gold producer to which their debt was hedge at $1000 an ounce. Look at the price of gold now, it is killing this company's cash flow. If your debt/loan is to a bank more than likely they will want you to hedge your debt cause they know it works in their favour. Albidon's case is unique cause our debt is too our major shareholder.
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