Hedging

Management was so smart when earlier in the year hedged 90,000 oz of gold at A$1750 of expected 120,000o oz production from Simberi for 2018.
Simberi expected to produce circa 120,000 ounces of gold in 2018.
This hedge is for the period from July to December and this will protect the profit margin during this period of price volatility and correction.

Gwalia costs circa $320 per ounce lower than Simberi.

I believe the price drop in SBM is excessive in light of hedging more than 25 percent of production capacity of all mines at higher prices A$1750.

The rising US dollars against the Aussie is adding more profits to the already savings in the bank.

My thought only.