Wrong hedging is a risk management devise but like buying shares at the top of the market putting in a big hedging programme or new hedging policy at the bottom was stupid. they don't actually have a hedging policy which is nigh on criminal. Following hedging at x% of forecast production in the next year at current prices would be sensible. Putting it in place at circa $2800 as I would have as cdo last year would have been smart. The chairman James as ex head of mining at MacBank has a huge conflict with hedges held by MacBank.
Wrong hedging is a risk management devise but like buying shares...
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Last
$1.84 |
Change
0.025(1.38%) |
Mkt cap ! $1.386B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.84 | $1.80 | $4.456M | 2.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10918 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 44348 | 5 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |