It will be interesting to see what Cu hedging arrangements management are looking at.
Currently there remains 1650 tons Cu at a zero collar hedge this Q. That is 'buy puts' = sell Cu at A$11,900/ton or US$3.95/lb (for downside protection) and 'sell calls' for the counterparty to buy Cu at A$12,900 or ~US$4.28/lb.
Obviously with Cu at ~US$4.50/lb AIS are not making money off the hedge.
Holding......plenty.
Ann: QUARTERLY ACITIVITIES REPORT MARCH 2022, page-38
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Last
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Change
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Mkt cap ! $270.9M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 12 | 508855 | 28.0¢ |
Sellers (Offers)
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| 28.5¢ | 107228 | 4 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
28.0¢ |
Change
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| Open | High | Low | Volume | ||
| 29.0¢ | 29.0¢ | 27.5¢ | 2593462 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
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