Ann: Hedging Transaction, page-81

Great post.

Fully agree just about POG.

Read an article on CNBC earlier that resistance of $1375 had failed and next support was $1050 level.

Everyone in the world recognises that Gold will continue to go up over the medium to long term.

The opportunity here is simple- should POG continue to fall to those levels, then you buy as much as you can.

At current prices, and those levels which equate to AUD $150/oz profit, you are only delivering 1M oz out of 5M oz resource.

Therefore you are getting 4M oz for free.

TAKEOVER HERE WE COME.