From memory, in the 2022 annual report they listed a chunk of forward sales that were > 12 months at ~US$400/t.
And in subsequent announcements they have mentioned "having a heavily sold forward book".
And when the price dropped below ~US$300(?) Milner said he was surprised it had stayed up so long. (which explains the forward book).
Ann: Update - Notification of buy-back - NHC, page-18
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$4.88 |
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Mkt cap ! $4.125B | |||
| Open | High | Low | Value | Volume |
| $4.91 | $4.93 | $4.83 | $9.037M | 1.854M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1948 | $4.86 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.88 | 23150 | 4 |
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