production funding in june, page-29

SP, in defence of Justbee, a small amount of hedging does not seem to have harmed the rise of DOM's share price. I made the mistake of not buying DOM due to their apparent willingness to hedge, late last year, from memory they hedged around 45,000 ounces at A$1,080 per ounce. Granted though it was only 3-4 months of production for them. If IGR were to hedge just a little then I think I would be disappointd at the likely missing out of greater profits but would need to be a little forgiving this time. I personally would be in favour of such a scenario where our profits are stunted for say four or five months rather than further issue of shares which would dilute our holding by ....... X0%.