Thank you for responding but your claim only adds to confusion. When they made the statement, only 63,000 oz remained to close, see the screenshot below.
Note also that the hedge closure cost $98m, it is not free. I'm puzzled why some people including @Countrywriter believes the closure leads to an extra $180m for the company. Yes, that's what Jim Beyer said, but is it true?
Ann: Closure of Hedge Book, page-52
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$1.87 |
Change
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Mkt cap ! $1.408B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.92 | $1.87 | $3.016M | 1.607M |
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| No. | Vol. | Price($) |
|---|---|---|
| 9 | 57101 | $1.87 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 3925 | 1 |
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