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5.1¢ millennium minerals limited

Ann: Beer and Co updated research note, page-12

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risk41

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21/01/16

11:18

Post #: 16840199
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Originally posted by Disagree ↑

Taken from the Annual report -

At 31 December 2014, the Company’s hedge book had a mark-to-market valuation of $2.4 million “out of the money” ($14.6 million “in the money” at 31 December 2013) based on the spot gold price of $1,469 per ounce. The remaining hedge structure requires 73,939 ounces to be delivered by June 2016 at an average forward price of $1,467 per ounce. Cash and bullion on hand amounted to $2.7 million at 31 December 2014.

Anyone have an idea on how many ounces are remaining for this hedge?

Beer and Co seemed to have missed it twice now

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We will find out in the quarterly, but Im guessing 30-35K Oz as at 31/12/15.

MOY Price at posting: 4.8¢ Sentiment: Hold Disclosure: Held
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