MOY's hedging will not roll off......it will roll over I would say and stay at or about 40k ounces.
The simple reason for this is the banks will require them to hedge to safe guard the ever increasing debt and the ever increasing likelihood MOY are not going to meet the repayment schedule.
I think even the most optimistic investor can see the debt schedule repayments are looking very shaky
Ann: Quarterly Activities Report, page-32
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