Good find Sabine,
In plain english, this means they have to hedge a portion of their production as part of their borrowing commitments. Looks like a condition of the loan is that they hedge a portion, which gives the bankers some comfort as to ability to service.
All will be good when mr market turns back to gold, be it risk, usd weakness or rising unemployment.
Pretty poor that the journos / analysts aren't across the terms of the loans, given they have been published.
Wazz
Good find Sabine,In plain english, this means they have to hedge...
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Last
$1.43 |
Change
0.045(3.25%) |
Mkt cap ! $1.830B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.46 | $1.42 | $6.930M | 4.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6000 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 64055 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BGL (ASX) Chart |