Seems they are getting paid when the containers arrive at port. It takes all the containers they have to fill a ship. FAP payment terms for 95% of estimated valuev seems to be the go.
Reasonable to assume they are cash flow positive as they have plenty of hedging at $12,500 /t even if the price drops below that. Reasonable to assume they wouldn't hedge at a price where they are not making a decent profit that covers their operating costs and cap ex commitments to develop the mine.
Ann: Australia's Newest Copper Producer Presentation, page-27
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Last
4.8¢ |
Change
-0.001(2.04%) |
Mkt cap ! $103.7M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.8¢ | $86.52K | 1.744M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 310000 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 211179 | 5 |
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| Last trade - 14.37pm 09/09/2024 (20 minute delay) ? |
| HGO (ASX) Chart |