Hedging of 2 years of gold production at basically current spot gold price is a bit risky in my view.
Imagine this scenario: gold price went to AUD$2500 per ounce, and production falls short.
In this scenario, CMM would have to buy high (at spot on market) and sell low (at hedging price).
Ann: Capricorn Completes Gold Hedging for Karlawinda Gold Project, page-12
Add CMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.07 |
Change
-0.095(1.54%) |
Mkt cap ! $2.529B | |||
| Open | High | Low | Value | Volume |
| $6.08 | $6.19 | $6.05 | $1.865M | 304.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2478 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 4457 | 29 |
View Market Depth
| Last trade - 12.58pm 14/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |