Ann: Commercial Production Commences at Nzema Gol, page-5

re: Ann: Commercial Production Commences at N... never mind the hedges, they are track to make 55 mil pa profit which means they can be debt free in under 2 years.
during that time if the pog drops they might take the opportunity to buy back some hedges, but really the way to go is invest in further production and cancel out those hedges asap.

One good thing is they are pretty sheltered from pog fluctuations so less risky than other gold stocks.

l am pleased to see they are recovering 92% - the newer technology makes the low grade profitable,so l hope they can continue to improve on that.