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Jonnyash

1,323 Posts.

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21/04/23

19:46

Post #: 67403200
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Originally posted by dkw26: ↑

The hedge is about 4000 ozs a month or so and therefore the key is getting production up so we can enjoy a bit of the high gold price. I cannot see Macquarie being that unreasonable as they are making a boat-load of money on the hedge right now and as you say out till Sep 25.
In terms of blended revenue it looks like 2/3 @ $2,367 and 1/3 @ [say $2,900] and I make that just over $2,500. Equally on 4,000oz a month at today's gold price, Macquarie are laughing all the way to their own bank trousering over $2 million a month. In short, digging it out is not as good as being the money man..... but not forever!

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Yeah but hedges are risks for both parties. They're not going to give CAI freebies because the hedge is in their favour. They'll get everything they're contractually obliged to get.

CAI Price at posting: 22.5¢ Sentiment: None Disclosure: Held
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