I don't agree with you at all Hinchinbrook.
The hedging would have been required by the financiers to enable finance to be obtained. In any event, it's a pretty modest portion of their expected output. Compared to the hedging delivery prices quite a few other gold miners will be receiving over the next year or two, BGL's delivery prices under its hedges look quite OK.
I actually think the vast majority of shareholders would agree with the comment LanbDownUnder made at 1.40pm today.
Ann: Completion of share purchase plan, page-17
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Last
$1.30 |
Change
0.005(0.39%) |
Mkt cap ! $1.657B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.30 | $1.25 | $9.627M | 7.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 158111 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BGL (ASX) Chart |