Hi Imo,
Tim appeared to have ducked my question directly and went on really to talk about how the hedging position will be tailing out over time. He did not state whether they will actively close out the hedge positions that they currently have, which I personally think is worthwhile to do as gold in AUD should continue to increase in the longer term given the massive government and central bank stimuli worldwide.
Cheers,
Brian
Ann: Dividend/Distribution - RMS, page-34
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