Let the hedges play out as planned. We have a plan to get out of them methodically. Let the company focus on adding value by reducing aisc, increasing grades, exploration/reserve upgrades. Getting mcphillamys online. The current hedgea are terrible in hindsight and the board has done what it can. We dont need to be invested in a gold miner with a destroyed share price for the board then to go and *speculate* on future gold price by closing out hedges at near highs in metal price. If they get it wrong and audgold falls back to 2200 in 3 months they would be rightly slaughtered (figurative only). We need to stop the incessant focus on the hedges. Its a financial liability like any other and its being managed. The negative impact is more thab priced in.
Let the hedges play out as planned. We have a plan to get out of...
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Last
$1.70 |
Change
0.023(1.34%) |
Mkt cap ! $1.280B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.71 | $1.69 | $1.735M | 1.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 19552 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 33918 | 21 |
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| Last trade - 10.47am 01/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |