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...
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Last
$2.38 |
Change
-0.020(0.83%) |
Mkt cap ! $3.269B | |||
| Open | High | Low | Value | Volume |
| $2.39 | $2.39 | $2.36 | $6.595M | 2.780M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 110442 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 116254 | 7 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |