I like the following quote from today's announcement:
"March quarter highlights the hugecashflow generating capacity of this project as we move towards steady-state production and unit costs come downaccordingly"
Hedging very disappointing - large cost for BGL shareholders while Macquarie Bank is a winner (as well as its shareholders). Unfortunately hedging a part of project financing. Hopefully no more hedging going forward.
Ann: Quarterly Activities Report, page-34
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