Hmmm, Last Quarterly report I saw had the Mark-To-Market hedge...

Hmmm,
Last Quarterly report I saw had the Mark-To-Market hedge book underwater some $600 million (and that may have been in US$ but can't be sure). If the company is valued at A$500 million (see prior post) then they had better be careful they don't breach any bank undertakings as the banks holding the hedges might demand immediate payment of the hedges as they did with Pasminco. The announced problems with their gold production may affect their ability to sell into their hedging contracts? A stock to be careful of, I think.
Disclosure: I hold a small parcel (purchased at a far higher than current price) and wish I did'nt.