Some folk have commented on the potential benefits of the unwinding
of the AMI's hedge position. It looks like this transition has been timed perfectly.
The AFR ran a piece about the hedge positions of ASX gold miners yesterday
under the title "Regret rises as some miners miss rally" (AFR, 30 July 2020, page 25)
A key quote from that AFR piece -
"Little wonder some are crowing about their unhedged production"
All IMHO, DYOR
AMI unwound hedged position + AFR article yesterday
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15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $262.1M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.3¢ | 15.5¢ | $377.5K | 2.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 616602 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 167748 | 6 |
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| AMI (ASX) Chart |