Redrun, you will have to explain that to me. A producer simply produces the metal and either sells the metal at spot, or at a prearranged hedge price. Why then does an exponential movement upwards in price affect the producer, apart from the missed profits?
The producer still receives the agreed price, and short positions in the market do not affect the producer's return??
NST - $12- $16 PRICE TARGET, page-10
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Last
$15.84 |
Change
-0.160(1.00%) |
Mkt cap ! $18.21B | |||
| Open | High | Low | Value | Volume |
| $15.96 | $16.03 | $15.71 | $43.59M | 2.755M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10879 | $15.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.85 | 13111 | 3 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |