Good question about Mac Bank or SOL. Hopefully SOL will play some sort of leading hand status in relation to risk management and hedging.
I think that AA was embarrassed by the significant hedging overlook and it is fair to say it has cost the now bigger AIS a lot of revenue (and profit) by not hedging some of the newly acquired Road Oak metal volumes.
Hopefully the copper and gold price runs continue.
Cheers……D
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