We've been told the raising fund will be principlly used to meet...

We've been told the raising fund will be principlly used to meet commitment icure by company during the march 2009 quarter. The commitment should be hedging position, I can't find other meaning.Lets calculate 75000oz forward sell at A$1140/oz, they have produced 27000oz,so they only
need cover the rest 48000oz position, currently gold spot price is around US$950=A$1266, 1266-1140=126 126*48000=6048000, that means only need 6mil they can cover hedging position, what about other 20mil?