I don’t know the history of the hedging but it was pure madness to commit so many years forward. I also am not sure that the nuts and bolts of the hedging were transparently disclosed. The way I read it was that the sales income per ounce of gold sold would increase over time which is contrary to today’s announcement.
If there is any positive from the hedging I hope this will prevent RRL adding to the hedging anytime soon so that the company can ride the gold bull market to the max when it gets into full swing.
I don’t know the history of the hedging but it was pure madness...
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Last
$1.84 |
Change
0.000(0.00%) |
Mkt cap ! $1.386B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1226 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 9535 | 1 |
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| Last trade - 09.39am 10/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
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