Slange,if you knew anything about the finance industry, you...

Slange,

if you knew anything about the finance industry, you would know that this company has put in a zero cost collar - that is, the cost of the put offsets the cost of the call so that there is no cost to the company other than when the gold price in $NZ is above the gold price of the put. This cost is not a cash payment but simply the difference between the spot gold price and the price of the 2020 put. All hedges prior to 2020 have expired and have no ongoing cost to the company so it’s misleading to report them.

It’s important to have the correct facts and to understand how gold hedging is financed before presenting technically flawed analyses as truth. It’s impossible to predict a future gold price and a conservative approach is sometimes warranted. IMHO the company is prudent using zero cost collars over short time frames to manage short term financial risks.

dyor and gold luck to all