punt, page-9

"the POS is more dangerous than a plus, if they can't supply (produce) the silver oz's hedge they'll need to buy on open market or cash equivalent."

True, but I don't think we are anywhere near that position. There is nothing in the vague announcement to date that leads me to think there is a problem with the hedges.

I'm almost certain that the hedges were a lender's requirement for finance. At current silver price the cost of buying the hedges out is not huge.

What concerns me more is management inertia. They need to take decisive action, - maybe they are? - and tell us what they are doing, - like, right now.