re: ** loooking, loooking.worrisome... Probing,
on the first point you don't appreciate your directors leaving money on the table, particularly when they have 'capped' your greedy upside view of the gold price in future periods.
As to Sons of G, that is my point. If they have a hiccup interms of current production for delivery into the hedges, or the banks get jacked off with your reserve position going forward and don't want to role the hedges=gonski!
Even happened to our Lieberwitz friend from Caulfield with Centaur mark 1-he went under in a rising gold market in the 80's when he could not deliver into the book and the banks would not increase their credit risk exposure (despite the fact that his actual project at Mt Pleasant/Lady Bountiful Extended actually was stronger on paper with the rising gold price!).
Aren't banks wonderful!
Cheers,TAs
re: ** loooking, loooking.worrisome... Probing,on the first...
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