yrs of hedge book and all round negative sentiment towards the company is my opinion.
if we get a couple of good quarters and just demonstrate stability, we could re-rate significantly.
we are lower now than we were with pog 500/oz higher. and with the hedge book gone.
hence my continual mention of a buy back, we are very cheap and we dont want to be taken over or merged with our scrip worth so little relative to assets or cashflow.
Resource update, page-16
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$1.75 |
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