Hedging of 2 years of gold production at basically current spot gold price is a bit risky in my view.
Imagine this scenario: gold price went to AUD$2500 per ounce, and production falls short.
In this scenario, CMM would have to buy high (at spot on market) and sell low (at hedging price).
Ann: Capricorn Completes Gold Hedging for Karlawinda Gold Project, page-12
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Last
$5.97 |
Change
-0.190(3.08%) |
Mkt cap ! $2.488B | |||
| Open | High | Low | Value | Volume |
| $6.08 | $6.19 | $5.96 | $4.525M | 746.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7613 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.42 | 57561 | 1 |
View Market Depth
| Last trade - 15.59pm 14/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |