Fellow shareholders, I have just sent Westgold management an email regarding future hedging. I know there has been previous dissent regarding their hedged positions.
If you share my concrns please do likewise, contact is on their web site.
Hello Management
Please seriously take this into consideration, before extending hedging.
It is called Hyperinflation. With this virus and unlimited money printing, it is on the cards.
If it happens, WGX will have to pay to get the hedged gold.
example gold hedged at $2500, inflated price $10,000, cash cost $10,000
Cost to WGX of hedging, -$7500 an ounce
DEFLATION THEN HYPERINFLATION - Interview with Mike Maloney
Regards Tony ( committed shareholder )
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