It's not a good time to be hedging Gold, which is what the Bank is insisting upon, as part of this loan deal.
Notice it's not disclosed what that hedge price is likely to be. Anything below $1350AU will seriously cap GRY's revenue later this year when the PoG recovers with seasonal buying from India and China. Early March would've been the time to hedge...not now.
It's not a good time to be hedging Gold, which is what the Bank...
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