The hedges are shit and are what they are and they predate current management. They producr 450koz a year, 100k is hedged. Even if you write off the 100k hedged oz, they make good margin on the remainder and it is more than priced into the share price.
Under valued, page-521
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$1.78 |
Change
-0.045(2.47%) |
Mkt cap ! $1.342B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.79 | $1.77 | $782.7K | 440.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 76199 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 27429 | 18 |
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| RRL (ASX) Chart |