Hedging is put in place to ensure operating costs are covered in the event of gold price volatility, it is not there to gamble on the gold price.
What makes you think gold is going to bounce? That is just a gamble, nothing more. If Doray cashed out then gold dropped another $200 the company would look pretty stupid (as has happened with a few others that have cashed out their in-the-money hedges)
Hedging should stay there to enable DRM to deliver into as it was designed for. It is an insurance policy, not a gambling mechanism!
I must admit if I had the cash I would be buying hand over fist at anything below 40. Ridiculous prices today.
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