Hi,
Please correct me if I am wrong, but has DML has sold more ore than it can produce, and what are the implications?
The Quaterly report to December 2012 says forward production is hedged as follows (I assume hedged = sold):
Jan - Mar: 7,961 tonnes Copper + 256,560 ounces silver
January actual production: 1,262t Cu + 52,786oz Ag
February actual production: 1,529t Cu + 63,024oz Ag
Shortfall = 5,170t Cu + 140,750oz Ag
What happens if they don't produce this shortfall during March?
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- how will they deliver on their hedge?
how will they deliver on their hedge?
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