Dear munchy,I suppose it is lucky that the company has hedged...

Dear munchy,

I suppose it is lucky that the company has hedged 200,000oz of gold with Macquarie Bank at an avergare price of $1,695.00 expiring December 2016 then!?

The company is undervalued, I don't care who you are or what you say about the matter. When you are a producer you have choice, if the price of gold drops the small producers and explorers get crunched and up pops SAR to welcome them with open arms!

Give it 12 months to get the house in order and then watch out...