Taken from the Annual report -
At 31 December 2014, the Company’s hedge book had a mark-to-market valuation of $2.4 million “out of the money” ($14.6 million “in the money” at 31 December 2013) based on the spot gold price of $1,469 per ounce. The remaining hedge structure requires 73,939 ounces to be delivered by June 2016 at an average forward price of $1,467 per ounce. Cash and bullion on hand amounted to $2.7 million at 31 December 2014.
Anyone have an idea on how many ounces are remaining for this hedge?
Beer and Co seemed to have missed it twice now
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Ann: Beer and Co updated research note, page-10
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