Ann: Annual Report to shareholders, page-2

A good read and another good day at the office for RRL.

Just a few questions for the more experienced here regarding hedging.
it appears we have almost a full years production hedged at a pretty low price compared to current spot (1555).
Is there anyway to find out how long the company has to convert the hedging, IE if gold price explodes how long can they sit on it for??

Also i read in another report tax benefit from hedging, does that mean if you sell your hedged gold at bellow spot the difference is tax deductable?

Sorry for the novice questions i have never looked into hedging that much as other companies i have been in with hedging did not have that much hedge at that much bellow spot so never really looked into the finer details.