I think the company can hold off their hedging until we see what direction the pog takes near to medium term given even when it was down $100 USD from where it is now the AUD price hasn't changed all that much. Hopefully we'll see a breakout and a surge in gold and they can lock in some hedges circa $1700 again.
If they do hedge now and the pog goes north every man and his dog will be on this forum tearing shreds off management for doing so..
BLK Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held