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5.1¢ millennium minerals limited

From 28 Oct quarterly to Sept 30: " At 30 September 2015, the...

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silkwood

124 Posts.

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23/01/16

14:48

Post #: 16856207
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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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From 28 Oct quarterly to Sept 30: " At 30 September 2015, the Company’s hedge book requires 43,084 ounces to be delivered by June 2016 at an average forward gold price of $1458/oz "

MOY Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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