In someways NST's expansion, requiring financial hedging for the banks,during a vertical climb in the gold price, was unfortunate timing.
I am also happy that NST is having their feet held to the fire, over their hedging strategy, as someone would have to have an astonishing reason to be raising hedging, in this gold environment.
I am also surprised that NST seems to be only making modest profits, currently, as if there are leaking 'holes' in the financial bucket. Hedging costs???
However, I trust Tonkin on his figures on the hedging, or else someone would be screaming, in response, by now. Misleading the market is not a minor crime!
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