The cost of buying out the hedges of approximately 290,000 oz hedged at average A$2550 = A$3150 - 2550 (=A$600) x 290,000 = $174,000,000.
Or put another way, A$58m per year .... hence unhedged profit would be whatever + A$58m.
If the POG continues to increase, which some believe, some don't, then buying back some of the hedges now would make sense.
Whatever, it's an unavoidable expense which ever way one looks at it.
So, pessimists believe RED is currently fully valued, optimist's think its its cheap at twice todays price - know thy self and live with it.
$40 cents club, page-451
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $2.414B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 34.5¢ | $7.489M | 21.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 358836 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 1047687 | 13 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| VAU (ASX) Chart |