silver hedging, page-3

Personally, I'd love to see Mike become even more aggressive on the hedging front as Ag at high forties gives us a massive margin which I'd like to protect.

The way I see it, there is a stronger chance that Ag will return to 20 rather than marching through to 60.

If it does get to 60 well, no problems we sell the physical and cop a still generous margin as per the hedging contract.

If it returns to 20 we get two options. Sell the contract and book a sensational hedging profit or secure our healthy margin on the physical.

I guess I'm saying I want some degree of profit and cash flowe security/certainty in going forward. And I think the market will appreciate it too.

How do others feel on the hedging front? I'd love to get a shareholder straw poll on this.