Hey DS, technically hedge free, but... the call options are basically hedged, so they are almost there. The board clearly view their script as fully valued in the near term (I strongly agree with them), so using it is actually very savvy. Basically they did a raising with very little discount... anyway, it's done. Just need the permitting for Mt Gibson to let CMMs team get building. $3.5b producing at 120k p.a... is bloody impressive however you look at it.
CMM Price at posting:
$8.37 Sentiment: Hold Disclosure: Held
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