Yes 70% a stupid move.. says to me management don’t understand the markets too well, especially one of the decisions taking place after the Russian invasion. If it was 40-50% hedge we wouldn’t be saying anything now but 70% is ridiculous. Unheard of.
However these are great market conditions for both our commodities and we will still be guaranteed major profits into the future. Very undervalued stock right now imo. It wasn’t long ago we were 17c, so I expect us to be well north of 20c in the weeks ahead if these market conditions and commodity prices continue trending well.
Ann: AERIS UNDERTAKES ADDITIONAL A$ GOLD HEDGING FOR CRACOW, page-83
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Last
21.5¢ |
Change
-0.010(4.44%) |
Mkt cap ! $208.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.3¢ | $426.0K | 1.962M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1039579 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 87807 | 3 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| AIS (ASX) Chart |