Think the forward selling @1429$ is already underway,meaning what has been already sold would need to be deducted from your cost equation.What I like though is the hedging extension from Dec to March 14 at a level nearly 8% above this mornings gold price.
i am a bit confused by that, i thought that they had already secured a forward sales contract for 30,000 oz at $ 1430 per oz, if this is an additional 9000 oz at $ 1367 per oz that would give a forward sales total of 39,000 oz at an average of $ 1414 per oz.
Think its in a downward trend KAZ now imho.....GOLD shares not having a good day or week ahead....Just WSG in myself..out of your shares....Great share for longterm investment going forward..happy to be involved..
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