Yeah mate.That table is where I took my info from.
According to that table they have no more "hedging" in place which I suppose is not surprising considering the absolute disaster they have created. The 118800 outstanding will more than likely be divided in half where 59,400 ounces will be exposed to the put price which is $2000 NZ and what that means (for anybody interested) is if the NZ gold price moves below the put price then ogc begin to make money on it.This is a hedge.This is downside price protection.
The real disaster is this ridiculous bet that the gold price would stay below$2100 NZ
The NZ gold price sits at $2590 at the moment. There are more than likely 59,400 ounces under water to the tune of $490 for each ounce.
The resistance here is 3.005 and its struggling but hey,every ddog has its day
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Yeah mate.That table is where I took my info from. According to...
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