Ann: Trading Halt , page-39

Well the trading halt was exactly about what it stated, to do with the debt facility.

The halt was just dramatic, certainly not needed;.....

..unless they had only unwound part of the hedge to start with, then finished last night/yesterday. If trading was still happening those on the otherside of the hedge had insider information, therefore a halt was a good idea.

I do not see how closing out a hedge in a spike down in the price of copper can be considered increasing risk. It allowed the company to go debt free and have a cash balance.

If price stays down, and the mine goes cashflow negative, then they can slow the plant down to only profitable grades of ore. If copper rebounds to above $3.30 then a hedge can be reinstated.
It looks all win win for the company to me. I hope the market sees it differently so I can purchase at an atractively low price.