re: hedge, page-4

re: hedge Thank you mtm100,

I have found the following info:

(a) Current spot hedge: 51,255 ozs @ $1606/oz to be delivered anytime.
Since 31st March 2013, RRL has been delivering
all of its production into this hedge and at the current
production rate will take us into June. (great news)

(b) Future hedge:........... From 31st March 2014 to 30th June 2016 RRL will
deliver 12K ozs per Qtr @ $1426/oz into hedge.
By then that will only constitute a small % of
production.

The current delivery @ $1606 is great news given the drop in the POG and ,
with all probability, assures us of our 20c dividend later.

So, fundamentally, there was no real reason for RRL share price to drop
as much as it has at this stage because of the current $1606/oz hedge.

With all probability once we get the current FOMC meeting and the ECB
meeting behind us we should, IMO, realise that all is not hunky dory and we should see gold gradually retrace to $1600/oz.

For fundamentalists, I hope this clears up RRL's hedge, timing & pricing.

Cheers
Moorookamick