That's seriously good operating procedure. They're effectively saying we're (have been) producing around 16000 TPA copper now.
We expect to get to around 40,000 Cu in the future. Lets lock in the price on the Cu that we know will be produced and leave to rest open to Cu price upside. They can deliver into the hedges for (relatively) certain to avoid the Sons of Gwalia type situation.
What's more they done it with a suite of call's, puts, making collars at differing dates to give them plenty of flexibility to finesse the hedges as well.
Just good operating procedure to reduce risk to cash flow.
That's seriously good operating procedure. They're effectively...
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Last
63.5¢ |
Change
-0.050(7.30%) |
Mkt cap ! $562.8M | |||
| Open | High | Low | Value | Volume |
| 65.5¢ | 66.5¢ | 63.0¢ | $1.770M | 2.740M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31624 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 153231 | 4 |
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| Last trade - 16.10pm 17/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |