Hedging 428koz at approx A$1616 is a disaster;
what is the management paid those hefty $ for?
No wonder that share price is so low. So they are loosing a whooping A$600 / oz on each sale ! Unbelievable.
If they do not know how to hedge then may be they shall hire experts who know what the hedging is for.
Or ... I wonder who did they signed the hedging with ? Their cousins and friends?
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2 | 597 | 1.660 |
1 | 307 | 1.630 |
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Price($) | Vol. | No. |
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1.500 | 400 | 1 |
1.570 | 67 | 1 |
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