lsladar, do you understand even the fundamentals of Red5? The hedged gold is sold for less than the current spot price BUT, it is sold for more than what it costs to mine. About $500 if my hazy memory is correct. Thats a profit mate, not a loss. Not as much as they could have sold it for, but a profit none the less.
Ann: Strong returns generated from simplified capital structure, page-52
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Last
36.3¢ |
Change
0.018(5.07%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 35.5¢ | $5.369M | 14.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 84 | 2685784 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2554923 | 104 |
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| Last trade - 14.02pm 13/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |