I am sure management have considered these, and all options, and...

I am sure management have considered these, and all options, and the ultra conservative approach is to do what they have done. They have done well so far, and if pog remains above AUD$1400 they WILL BE in a position of strength.

I hope that they will mitigate the transition to producer status with an appropriate short-term hedging strategy when CR is complete, and production funding complete. Emphasis on short-term, at above AUD$1350.

Nice to see that they are considering a mill purchase, which if bought right would be at a significant discount. I mean there are, what, four in the area. Let alone international options. TRY investigates to buy cheap plant from other continents, why shouldn't we? Imagine hedging now, pog drops, then pick up assets with prospective land for peanuts. Or buy cheap from overseas, some built but never used/commissioned!

Rising POG we are a takeover target, and change in status to producer with cash flow. Alternatively, hedge in place with severe fall in POG, we are a producing predator looking for strategic targets!