abra8867, sentiment toward CTO WILL definitely change.
I am a supporter of the company in spite of problems they have encountered and I have remained a supporter because the management have had the guts to REFUSE to borrow and take it up the you know where from the banks.
They would have demanded that CTO hedge their production, HOWEVER to managements credit, but unfortunately to their detriment, they have stood firm.
It amazes me how fickle investors are. Here you have a company that has stood up to all that is and was wrong in terms of gold hedging and for that they have paid a price.
They should be supported, not condemned by gold investors for taking the hard option.
Hedging is going to destroy many junior companies when the gold price explodes and CTO will be a survivor and a HUGE beneficiary and all the detractors will be forced to eat humble pie!!!!
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