Hedging prices are often forced on mining companies by banks, especially bad if a companies books / operation is in a bad way.
catch 22 - need funding to improve operations, but must enter into a terrible hedge contract.
no funds, no improvements, everyone suffers, but must swallow the bitter pill of hedges.
perhaps the hedges were part of previous discussions to secure the refinance in March.
no one predicted gold to US$1,850+
Hedging prices are often forced on mining companies by banks,...
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70.5¢ |
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Mkt cap ! $1.500B | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 71.0¢ | 69.0¢ | $9.005M | 12.87M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 151500 | 70.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 70.5¢ | 99995 | 1 |
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