You're hoping the gold price falls to ease the pain of hedging rather than taking the medicine, paying the hedging back (all the while at a huge loss) and moving forward into large sums of positive cashflow. I don't really understand your statement and perhaps you do not fully understand the situation.
Hedging @1500au an ounce - AISC above $2000au an ounce (= minimum $500au loss per ounce produced and paid back). Gold @3000-3100au an ounce. At the current gold price once hedging is paid back RRL will bank an additional $150,000,000 per year of free cashflow (effectively profit I'd argue) - that is huge. FY23 RRL made a loss (24m).... Even if the gold price cools (which I don't think many predict it will) it makes no sense to delay paying this horrible hedge back ASAP. There is zero chance the market will respond negatively to such news. Long-term RRL holders are owed some positive surprises.
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