I expect a T/O attempt around $6 within 12mths
Have been musing about the hedge.
The way I see it, I think they would be prudent to reduce it quick because 3 yrs IS a long time.
During that time PRU may only have 1 producing mine essentially, and were things to go haywire in Ghana for some unforseen reason, thay could be left to fill the hedge at some shatteringly high gold price.
(unless they get taken over of course !)
up 5% overnight, page-24
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$2.35 |
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