The hedging was a very smart idea and it looks like the only money they made was hedging as previously discussed by numerous other people.
Hedging is just a form of gambling with shareholders money although although they executed perfectly and was a smart move.
SELL, page-18
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Last
31.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $218.8M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 31.0¢ | $917.3K | 2.947M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 136720 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 30000 | 1 |
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| FEX (ASX) Chart |