March quarterly for RED
Quarterly production of around 50 koz. So >50% of their production for next 2 years is forward sold at around A$1,000 below current prices.
SLR had much lower forward sales as % of production, but also at a much higher A$ value. Current gold price increase means SLRs assets are throwing off huge amounts of cash whilst liabilities related to REDs hedging are increasing.
Both forward sales and share overhang are an albatross around REDs neck.
$40 cents club, page-1463
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Last
42.3¢ |
Change
0.003(0.60%) |
Mkt cap ! $2.874B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 42.3¢ | $7.032M | 16.40M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 1737840 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 320519 | 16 |
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| Last trade - 13.58pm 17/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |