Agree if you bought it when it was $6... But now your STMT doesn't make sense when sp at $2.55. Hedge book is only 50% annual ounces. So even gold goes up... As Germaninvestor said loss only 20% qtrly production. we have 80% upside. Why take 250million loss now It will be better do a cap and collar kind of deal if we must.. But I think management got it under control now.
bad new is...
Britain carves out exemption for gold clearing banks from Basel III
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