Don't fall into the old-fashioned machismo trap

摘要

I hope for their shareholders' sake I do them an injustice and what they actually have is a well-constructed policy that sets out: centre dot the basis of their decision to remain completely naked to gold prices; centre dot demonstrates that by doing so they are not in danger of falling short of their budget cash flows required to support planned development, exploration (and dividends); and centre dot sets out those factors on which their confidence is based such that they might have cause to review their policy should those factors start to change.