Did you look at the price they got for the gold this quarter? If they had got $1700/oz they would have got over $2.3 million extra in cash. Unwinding the hedge the banks made them have is going to take time.
Anyway it was exactly as signalled. The SP is probably close to where it should be at this stage, but things are heading in the right direction and we still have AW.
Ann: Quarterly Activities Report, page-11
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
