With regards to BLK hedging, it is worth remembering that Orion will take up 50% of production (up to 50K oz or slightly more I think when the Orion options were reduced from 33.3M to 16.66M, not 100% sure). The details of the Orion take-up aren't clear, i.e. they will use quotation periods to determine the selling price. I am all for BLK taking out a hedge but I am more interested in the details of the Orion pricing arrangement. My guess is that Orion isn't buying the gold as a favor to BLK, the off-take is most likely a sweetener for the finance deal so BLK will be selling at some sort of discount.
- Forums
- ASX - By Stock
- Ann: Matilda Growth Continues As Base Load Source of Ore
With regards to BLK hedging, it is worth remembering that Orion...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online