I would only support hedging if forced by bankers to provide guranteed contract sales for capital loans.
NST should have sufficient cash reserves to fund the DEG and other expansions with gold at $5200AUD.
Remember DEG has $850m in cash prior to merger, so until next qtrly i am unsure of current cash reserves, so hold off on any hedging whilst gold moves to $4000USD
NST Price at posting:
$21.02 Sentiment: Hold Disclosure: Held
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