Ann: Gold Forum Europe 2024, page-180

so it seems.

regarding CFO - I have no doubt he has to take lot of blame about the Hedge Book but the buck stops with the MD. The MD should have engaged third party as independent body to explore and present alternative transaction to the traditional hedge and then they should have run due diligence and cost/benefit analysis on both.
then the MD had to make the decision with which option to go forward and present to the BoDs to approve. Such significant decision is not and should not be made by one person. We are talking of locking around 40% of the production for foreseeable future. Not exactly drop in the ocean.

If BoDs allowed the MD to run with the hedge on his own by only taking the advice of the CFO then both need to go and BoDs refresh is needed.

Same deal with costing and progressing of the TGOE - where is the transparency and accountability. No one here actually knows how ALK are tracking against the big project items.
We have to keep an eye on X to get an update. lol

but then again - if they do hit something good at Boda2/3 and/or another area at NMPP then we will make some money and I'll be out. I am in the money now but I think SP can run higher even with this crew.