No indication of the hedging gold price. I assume it's around the DFS 'in pit resource' price which was $850 an ounce. Quite a discount to the prevailing price. Lets hope they get the $950 base case rate. That's a big difference.
They were always going to have to hedge some ounces to get the finances, but not sure if 150k is good or bad. Assume POG is trading above $1100 and they have hedged at $850, that's a loss off $250 an ounce. Times 150k = $37.5m. eeek.
The price of bank financing I suppose.
Any comments?
I know you will see the bright side flyboy... ;-)
Might be a good buying opportunity if this Dubai thing is the catalyst for a well overdue meaningful correction.
SDG
No indication of the hedging gold price. I assume it's around...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PRU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.73 |
Change
0.090(3.41%) |
Mkt cap ! $3.750B | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.75 | $2.70 | $17.12M | 6.284M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11100 | $2.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 154758 | 7 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |