Hedging is costly and risky (which is obvious in this case). We're losing significant revenue on that contract. But I'm trying to point out that it should become a smallish issue as production levels ramp up.
But in certain cases, it can reduce risk. Eg. lenders wanting to reduce the risk of non-payment of their loan.
Hedging is costly and risky (which is obvious in this case)....
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Last
$1.35 |
Change
-0.020(1.46%) |
Mkt cap ! $1.727B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.34 | $10.79M | 7.830M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 94068 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 215755 | 6 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BGL (ASX) Chart |