RIVERRED THE HEDGE I think the idea is if the POG is above the $1600 hedge price then BDR sells into the open market and if the price drops below the hedged price of $1600 then they make use of the hedge off the top of my head I think the hedge is 1600 but I cant remember how many oz's they have hedged.
CONTINGENCY MONEY 5,000,000 The last lot was 20,250oz at a strike price of 1400 expiring on 31 Dec 2013. Im not that conversant with limited call options so I dont know the nuances of these call options.
Can someone help us out here with their knowledge of this.
Wallowing in the current on this one
BDR Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
