What do we think the outcomes could be for the hedge? What are the chances that NGF will come out clean and not have to pay it?
As per the last qrtly the profit margin would not sustain the hedge if it was active, the company would be cash flow negative.
So while we rely on the price of gold rising, im concerned that the US$ will continue to slide and therefore the AU$ will in turn rise... problem is that there seems to be a fair amount of information out there about the gold price being manipulated (GATA etc) which would mean the $1000us gold price is not going to be broken that easily...which means the OZi gold price will continue to slide due to the currency change. Obviously not a good thing for us so I hope Im wrong.
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