I am not sure hedging at an all time high POG is a worry if the loan pay back period is a matter of months. I would rather wait seven months to clear the loan and hedging than have permanent dilution. POG might dip in that time anyway.
I am bit concerned that pre-announcing the expected finance leaves them over a barrel a bit if the lender decides to add some last minute change. Like others I assume missing two rough deadlines for the finance announcement is down to the lender
Ann: Response to ASX Price Query, page-38
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