When 25% of your quarterly / annual production goes to paying down hedges, and you don't do anything about it given the price of gold running at a premium that is $1,000+ per ounce more than what your hedge price is, then you deserve what you get.
The company has essentially purchased the stake in Tropicana to sustain the hedges.
I think the management are derelict in their duties as of officers of the company.
"Do nothing and you will be nothing"
I don't know if I heard that somewhere or made it up, but it applies here.
I really feel for people who have held down to this level, I hope the majority are long term holders who bought in at or below this level, but we all know that is not the case.
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