Hello all, my email response from Perilya includedThe metal...

Hello all, my email response from Perilya included
The metal hedging loss that is disclosed in the accounts simply represents the difference between the forward sales price that was entered into in 2005/6 and the spot metal price on the date of contract expiry: the loss is not a trading loss, rather an opportunity on the metal committed under those forward contracts.
The full details of the Perilya hedge book are disclosed in our December quarterly report.
And I still do not understand how Perilya lost $49.7m in the last half year.I will call Perilya again tomorrow as I am not satifide with this bull???? answer.Did Perilya do a write down on contracts from 2005 till now?.I still think that it is most likely the hedge funds ganging together and shorting Perilya shares.Just my opinion and I hope and pray for a big bounce tomorrow.Bye for now, Hoggle