RMS ramelius resources limited

Ann: June 2019 Quarterly Activities Report and Guidance, page-324

  1. 310 Posts.
    lightbulb Created with Sketch. 9
    Just looked up the June qtrly... 240,900 hedged at avg price $1834 for period to aug21.

    Using
    1) current GP ~$2200, rms down $88m today
    2) gp $1900 at beginning of June, rms was down $16m
    3) gp $2000 at end of June, rms was down $40m

    They’ve more than doubled the losses on the hedging in less than 3mths!!!
 
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