mtl
The half yearly report indicated that as at 31 December 2013 RRL had 185,790 ounces hedged, of which 117,039 ounces was due to be delivered within 12 months and the remaining 68,751 ounces was due to be delivered between 1 and 5 years time. See page 21 at
http://www.asx.com.au/asxpdf/20140313/pdf/42nbyhrxm13r93.pdf
However at 30 June 2013 the total hedge was only 122,591 ounces and RRL had very little debt.
It looks to me that they have an active hedging process in place rather than one that just responds to loan requirements.
The quarterly report at 31 March 2014 states they have 191,474 ounces hedged, but does not tell us when it is to be delivered. I would assume that at least 68,751 ounces is to be delivered after 31 December 2014.
The available data I have seen does not indicate to me that there is any problem in RRL having to meet its hedging requirements, but I do think they are gambling in writing call options, which could easily be in the money for the buyer.
Perhaps it would be worthwhile for anyone with concerns about this matter to talk to RRL.
loki
update on flooding, page-86
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.61 |
Change
0.010(0.63%) |
Mkt cap ! $1.212B | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.62 | $1.59 | $2.940M | 1.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2547 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 55028 | 6 |
View Market Depth
| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |