Hedging was a requirement to borrow money to build KOTH. Other banking obligations were also required and that is why RED is paying down debt to refinance in CY24. Simple. No hedging no mill no gold.
Focus on the lowering ASIC, the consistent ozs coming out of the ground, the improved mill throughput, increase in grades.
Ann: September 2023 Quarterly Activities Report, page-54
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 41.5¢ | $7.599M | 18.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 554744 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 402000 | 9 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |