re: emperors hedging .....and, of course, when the price of gold goes to U$400/oz, the total cost of the EMP' s current hedging position becomes $52,467,525 - and that's at the current U$ - A$ exchange rate!
"Don't worry about hedging"?
"Too much emphasis being placed on hedging" ??
Not for mine.
bye.dub
emp, page-8
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