AMI 3.33% 15.5¢ aurelia metals limited

Ann: Gold Hedging - 10,500 oz at A$1591/oz, page-4

  1. 14,774 Posts.
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    I agree. We're in the buisness of gold exploration and development. Much less so specualtion on gold price.

    It's prudent to control you paramaters. Product sale price being one of the most important. Futher what we have got is high margin. Besides were exploring for more gold with money from convertibles we want to keep the number of shares down.

    I suspect locking in the downside on gold price (and indirectly an element of currency) leaving the Zn and Cu open to price rises is a particularly astute way to go.
 
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