Looks like snowflakes are selling today.
The report doesn't give the price received for the hedges but it says that during the quarter the hedge book decreased by 19,800 oz but during the June quarter PRU increased the size of its hedge book as the report says that it added to hedges at a higher price received to the tune of $100. All this means that they have sold a lot more than 19,800 oz for at least less than $100 below $US2199 per oz.
Just a bit of management smoke and mirrors by the look of it. Thats how I read it anyway.
Ann: June Quarter Report, page-9
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