Ann: Media Release December 31 2016 Results, page-30

There is absolutely nothing irrational about SDI's slow demise.
It's a perfect example of Co' gambling on the future price of the $OZ against the US, the Euro and the BP.
This Co has 90% of it's revenues at the mercy of the currency. NINETY PERCENT!

They have no idea or are reckless as they haven't hedged.

Seriously , by buying SDI you guys might as well sell the $oz as that's exactly what you are doing, punting and that certainly can't be called investing.

I've designed and executed hedging programs (in my much quoted and maligned 36 years) and SDI being a nice family firm I would willingly advise them on the value of puts,calls,spreads et al and all giving great value at a relatively small cost.

IMO, I predict the $oz will be 10% higher within a year......what price SDI then!?