I think you're right. What I'd like to know is why they hedged so much in an obviously sought after gold environment? They have left a lot on the table because of their hedging. I'd also like to know who they sold to and something I doubt they would not tell us, was there any pressure to forward sell the gold and if so by who?
I make no apology for being suspicious of heavy corruption in the gold game having been caught out in the past.
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I think you're right. What I'd like to know is why they hedged...
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