re: a no brainer - to ficklelife even if 142000, was sold...

re: a no brainer - to ficklelife even if 142000, was sold forward at us $244 - that is only a small part of reserves, and half a years production. mmm sounds a bit sus - a check of the company's report, indicates that the figure is more like $344. anyway, that represents 1/2 years production, and would have been a remnant of a few years ago, when the gold price was lower. by comparison, sons of gwalia, had forward sales positions, equal to ten years production. rsg, uses options to protect its position . in the last reprot, it is indicated that only about 10% of the companies RESERVES (as distinct from resources) , is committed . this seems to be a somewhat modest total.

it is always easy to be wise in hindsight, as or whether or not, a commodity should be sold forward. however, it is normal commercial procedure, accross a range of commodities