The hedges will be spread out over a period of time as per announcements
It’s the average price - they are not totally hedged- but their hedges are north of estimated aic which is great
When you borrow 100 m- the bankers require hedges as part of normal Lending conditions- and prudent management would also hedge some Product which they are doing in increments
Better to have some guaranteed margin than be fully exposed to market - it’s good imo
They have gold on hand and made
More than expected last month- prices are high and last time I looked even higher in aud than during trade today
Margin expansion continues -
Profit taking and shorting is good— for me was able to buy back another %_ ready for more as they smashed it
See how it goes
DCN Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
