hainholz,The hedge position certainly hold it back, at a closer...

hainholz,

The hedge position certainly hold it back, at a closer look, the hedge position is still price at higher than cash cosh, leaving NGF with about half of production or 70k Oz to full upsize margin in movement of gold price. Everything looks bright, NGF trades in a tight range as i believe RAB is selling out.... stock like this can trade sideway for a while, but it has potential for an explosive move.... just have a look at SBM and we know where this one can head to after Macquarie sold out....