From March 2009 quarterly:
“At the end of the quarter 36,276 ounces (representing around 6% of current reserves) with an average delivered price of A$1,004 per ounce were sold under forward sales contracts. These are currently scheduled to be delivered between April 2009 and January 2010. Deliveries into these contracts will be dependent on the spot gold price prevailing at that time.”
---- Spot currently A$1200
That hardly a large amount of forward sales and the amount has recently been falling each quarter.
So it is a nuisance, but not overly significant --- what will be potentially significant is if they stop the practice of forward selling and decide to sell at spot prices in this gold bull market.
As to buy /sell or hold --- I’m not going there.
No offence to any posters who are upset by the slightest criticism of DOM --- it is one of my larger holdings and I’ve been there awhile
From March 2009 quarterly:“At the end of the quarter 36,276...
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