https://www.rameliusresources.com.au/wp-content/uploads/bsk-pdf-manager/2023/01/20230125-ASX-RELEASE-Dec-2022-Quarterly-Activities-Report-FINAL-FINAL.pdf
For example, page 18 of this shows, in the December quarter, hedges added were 51500 oz (at A$2731) while the actual production was 56756 oz.
I believe every single contract settles below spot, which is already 10% above last quarters new hedges. When AISC is high it's about a third of our margin wasted on this 'insurance'. Never challenged at conference call, I don't understand it.
Ann: Becoming a substantial holder, page-14
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Last
$2.33 |
Change
-0.060(2.51%) |
Mkt cap ! $2.691B | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.36 | $2.29 | $6.540M | 2.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 163521 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 67017 | 5 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |