Mmmm ...
"The hedge book is costing NST more than $1 billion at today's spot price and the damage could get much worse ..."
Can anyone refute that statement ... ?
And ... I can't see that the hedging is anywhere near 20% of production in FY 24 and 25 ...
(Why choose to use Calendar years in the calcs rather than FY?)
But, even if you do, it is still 30%, not 20% ... No?
BTW I'm really hoping NST comes through a big winner ... I just question some of the decisions they have made ... AND I really wish the MD was correct when he claimed they were only giving away 20% of production ...
I just don't see that in the figures. I think to say so is also therefore misleading ... at least as it pertains to the near future ... i.e. next 2 FYs.
Happy to be proven wrong of course.
Best looking weekly chart, page-2106
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Last
$15.60 |
Change
0.560(3.72%) |
Mkt cap ! $17.92B | |||
| Open | High | Low | Value | Volume |
| $15.58 | $15.80 | $15.54 | $118.8M | 7.602M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11652 | $15.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.60 | 3374 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| NST (ASX) Chart |