I think that ,under the circumstances, selling part of the hedge...

I think that ,under the circumstances, selling part of the hedge book was a smart move.

It lowered the debt and associated interest to be paid.
It also locked in the profits we might have lost if the copper price had to rise.
If the copper price drops (God forbid), then we might even be able to buy back the hedge contracts at a bargain price.

Ideally, we should not have had to dip into this "emergency cash" but it sure bought DML a bit more time and avoided DML being forced into accepting a ridiculous low offer from CF as well - like I said, a smart move!!