It is a very rude arguing tactic to put words in other peoples mouths. Makes you look smart, if it helps.
Nowhere have I described what you suggested, its a fiction and you know it.
The NAB requires security they insist on 116571 ounces be hedged.
Agreed
Debt is paid via cash flow, which is unlikely in this case thus it is paid via hedge reserves.
Agreed
Once debt is paid, NAB can take the rest of the hedge if they want to pay for it,
Crap. The loan and hedge are linked. Not clear if MOY can expedite the loan/hedge or not. If more gold is delivered into the hedge i.e. all of it ASAP, the debt and hedge are settled at the same time. The loan may still have fixed interest payments not benefiting from the early payment - depends on POG in the future whether to speed up or not if it is possible. Otherwise rolls along at the delivery rate in the fine detail.
but they just don't take loan and the farm as well.
More crap.
Sooner or later some will stop just hearing soothing words, but actually read your posts in depth and come away feeling hungry and realise your posts are not a security blanket for not using their own brain.
MOY Price at posting:
11.5¢ Sentiment: None Disclosure: Held
