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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (227357)11/4/2009 3:24:41 PM
From: ActivatecardRead Replies (1) of 306849
 
Do you think this might limit NGD's upside:
"New Gold has increased flexibility in considering its options with respect to the gold hedge program, a required condition precedent to the loan facility, that now extends two and one half years beyond the revised term to December 31, 2014, the original term prior to prepayment. Approximately half of the program, or 165,000 ounces of gold, are hedged beyond June 30, 2012 and may be monetized at New Gold's discretion."

That's nearly a year's production. Sell El Morro and close the hedge book?
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