Always nice to read the friendly banter going on in the HGO thread. The earlier post from Ebor56 reminded me of the fact they had 3000t x A$12,500 hedging. I know they never got to do more than that originally but i presume that with the recent upwards movement in Copper price that HGO and Freepoint completed more of the intended hedging program. From memory it was supposed to be 6000 ton x A$12,500 and then they were looking at a further 10,000 ton at prices between A$12,000 and A$21,650 plus margins. I don't imagine they would have met he operating hurdles to have started on the 10k, but does anyone know if they have completed the second 3k to take hedging to 6k ? I usually read all the HGO announcements and i have never seen it announced, or the cancellation of the hedging program..
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