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41.5¢ red 5 limited

Ann: King of the Hills set for stronger March Quarter, page-73

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Learner72

693 Posts.

36

25/02/23

08:01

Post #: 66459022
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Originally posted by JoeKing2: ↑

Learner72 can I suggest you look at the company's announcement of 24 Jan and in particular page 11. By my rough calculations, they're delivering about 25k ounzes per quarter into the hedgebook as it stands at 31/12/22 if deliveries are of a regular amount from then on. The average realised price is said to be AUD$2,420 so the balance of production would be sold at spot (currently around AUD $2,700 ish).

But their numbers have me a bit confused. The reckon deliveries under the hedges will be 35-40% of production but if this is to be the case, then annual production would need to be 250-285k ounzes.

I can't seem to recall any estimates of production this high. If managements forecasts are to be achieved, it implies improved grades processed or much higher plant throughput (or both).

Hope the first paragraph helps Learner72.

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thanks joe an yes very confusing to me also

RED Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 41.5¢		Change -0.005(1.19%)		Mkt cap ! $2.823B

Open	High	Low	Value	Volume
41.5¢	42.5¢	40.8¢	$14.18M	34.12M

Buyers (Bids)

No.	Vol.	Price($)
12	2564382	41.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.5¢	1323340	17

View Market Depth

No.	Vol.	Price($)
6	792985	0.415
18	1761610	0.410
22	678628	0.405
31	702895	0.400
8	468485	0.395

Price($)	Vol.	No.
0.425	1239052	15
0.430	1404928	24
0.435	1101748	23
0.440	3190508	29
0.445	1155028	15

Last trade - 16.10pm 18/07/2024 (20 minute delay)

RED (ASX) Chart