hedging has already cost the company $11.2m, page-3

Gold at $USD5000 in 2011 is a fairytale.

Let it rest.

Yes the hedge is for too long a period, and too many ounces.

But it is no disaster that will bankrupt ADU.

ADU has only expored 15% of its tenement and has about 2 million ounces. In time this poor decision will be a biggish negative blip to remind investors that the management makes mistakes (or was pressured by BIGMAC into the deal when finance was badly needed).

loki