the great news..., page-12

I think debt is around 110 mill to Mac. They planned to pay 70 mill over the next year.

The hedges are, yes, a way for Mac to make money, so I assume when the 1600 was agreed Mac on hedged for a quick profit.

It would be NICE if the NEXT 195,000 oz could be at 1600. I dont know if a schedule is enforced... so 40% at 1600 and 60% at spot. To be honest, they could probably stockpile if they like. I will leave it to them. They got screwed by Macquarie and it angered me. But in my final post on the matter, I ended thinking they did good. Heck they got $25 mill at 91 cents.

Am I brave enough to by more under 70 cents. That is where I entered about a year ago. But BDR is like 40% of my entire portfolio.