The company continues to impress with hedging lock in months before finalising the formal documentation for the Macquarie facility of US$70m plus bonding and options.
What is the real cost of this facility.
To all those knockers - wait to see the end of year P&L and note that these losses are real as they will show up in the accounts.
Whats your next move guys? Raise more equity to pay out the hedges like all other gold companies around the world. Why is ADU so special and need hedging locked in at the lows? Or this this to pay more bonuses to Macquarie executives?
hedging contracts us$30m underwater
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