Seems they are getting paid when the containers arrive at port. It takes all the containers they have to fill a ship. FAP payment terms for 95% of estimated valuev seems to be the go.
Reasonable to assume they are cash flow positive as they have plenty of hedging at $12,500 /t even if the price drops below that. Reasonable to assume they wouldn't hedge at a price where they are not making a decent profit that covers their operating costs and cap ex commitments to develop the mine.
Ann: Australia's Newest Copper Producer Presentation, page-27
Add HGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $148.7M | |||
| Open | High | Low | Value | Volume |
| 7.1¢ | 7.2¢ | 7.0¢ | $142.2K | 2.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1545892 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 572674 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| HGO (ASX) Chart |