ALD 2.86% $31.30 ampol limited

gold hits 960, page-4

  1. 3,367 Posts.
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    Hi there,

    I'm a long term holder and have been adding to my position in the past couple of weeks. This company's a long-term winner although I'm surprised management is not returning phone calls. I might have a go myself to test the theory.

    I have a question please. Is management intending to deliver as much gold as they can into their hedging program, or do they prefer to have the short-term cash for development and exploration instead? I was a bit concerned about their high-grading in the March quarter to meet hedging commitments but I'd expect this to be a non-issue now. I guess we'll see in the next couple of weeks.

    Cheers and good luck everyone,
    Rowingboat.
 
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