Snake thanks for the informative reply.Buddy I understand risk...

Snake thanks for the informative reply.

Buddy I understand risk as I have insurance qualifications and over 20 years experience in the insurance industry.

What I do not have is any idea of historical hedging costs which was what I was asking for and what Snake kindly supplied.

If the answer is up to $36m so be it.

As large chunks of the original facility have been drawn down the forex exposure must have diminished significantly.

We also have no idea if any longer term supply contracts were for fixed AUD amounts with the forex exposure passed on to the contractor.

Seeing my holdings diluted has been very frustrating but conjecture on what has happened rather than reason or fact are not really useful.

cheers
Surly