You are right.
There are two ways to hedge: a futures contract/forward sales at the hedging price, or an options contract to sell at the hedged price.
If the company bought options for the hedging then no delivery required.
Ann: Capricorn Completes Gold Hedging for Karlawinda Gold Project, page-14
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Last
$5.97 |
Change
-0.190(3.08%) |
Mkt cap ! $2.488B | |||
| Open | High | Low | Value | Volume |
| $6.08 | $6.19 | $5.96 | $4.414M | 728.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4034 | $5.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.98 | 2992 | 27 |
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| Last trade - 15.54pm 14/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |