John Lewins is smart and has hedged according to Diggers and Dealers chat. We also have a falling Aussi dollar so in A$ terms things are not as bad as percieved.
We are in fact back to December levels where Platinum was trading between US$1500- 1600 and the share price was between A$225- 290. Except now PLA has some hedged at around $2000 and we are in production. WITH VALUE ADDING coming from Kalplats.
hedging and falling aussi dollar
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