The CEO and CFO of RRL categorically said in a recent teleconference that the asset they bought was unhedged. If IGO had a hedge liability assigning that to RRL was not part of the transaction. Anglo do run the project and they can clearly hedge as much for their attributable production as they like but that has no bearing on RRL’s share of production.
RRL Price at posting:
$2.57 Sentiment: Buy Disclosure: Held
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