hedge losses and liabilities, page-9

good question for management - I wasn't even aware of this hedging stuff or didn't take notice as don't know how it works. Just thought they had a price for the ore and it was locked in for some time frame but this hedging thing - well management should clarify it as it seems that it could spell even more disaster for the company if losses of that magnitude continue and that only appears to be for a few months!.

If someone - preferably from management - could explain how this works would be appreciated.