Contango means the future spot price is "modelled" at a higher level than current prices.
Personally I think it borders on desperate by the company to use a modelled future spot price as an indication of future profitability.
About 1 million other variables sit outside the spot price that impact also.
Ann: Quarterly Activities Report, page-4
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Last
$4.45 |
Change
-0.120(2.63%) |
Mkt cap ! $3.761B | |||
| Open | High | Low | Value | Volume |
| $4.54 | $4.57 | $4.44 | $10.82M | 2.414M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 58582 | $4.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.46 | 3667 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| NHC (ASX) Chart |