RRL 0.00% $1.78 regis resources limited

Ann: Closure of Hedge Book, page-62

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    By my calculation the closure of the hedge book and the subsequent $AUD 450 rise in the gold price should generate an extra $300M p/a in sales for Regis. In theory this should go to the bottom line as the extra revenue is generated on the same number of ounces so there are no cost implications.

    Can anyone offer an explanation as to why the market price for Regis is unchanged ($1.90) since the hedge book closed? For many years the hedge book was seen as the millstone around the share price neck yet there has been no value uplift despite the gold price appreciation.
 
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