RRL 0.78% $1.61 regis resources limited

update on flooding, page-76

  1. mtl
    655 Posts.
    The Company has also sold a gold call
    option for 50,000 ounces, expiring 30 June 2014 at a strike price of A$1,400 per ounce.


    ----------------------------------------------


    umm..JID...it appears the call option is not 'protection' for RRL

    it is exposing the company to a further 50k ounces of gold delivery over and above the other hedges
 
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