Ann: New Large High-Grade Satellite Deposits to Feed Warrawoona, page-76

Fair point Stag can you send me link for interview please as would be interested to hear the reasoning. The Money of Mine podcast view is that as long as you treat/recognised the hedge extension as debt this would fit the proposed strategy. In a way it is kind of like refinancing/extending debt but without the need for Silver Donuts blessing.

Where companies get in trouble in this scenario I believe is over doing what is required and/or using the short term increase in cashflows for other motives or smoke and mirrors should I say.