Contango means the future spot price is "modelled" at a higher level than current prices.
Personally I think it borders on desperate by the company to use a modelled future spot price as an indication of future profitability.
About 1 million other variables sit outside the spot price that impact also.
Ann: Quarterly Activities Report, page-4
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Last
$5.02 |
Change
-0.240(4.56%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $5.22 | $5.24 | $4.97 | $212.4M | 41.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 202980 | $5.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.03 | 100000 | 1 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| NHC (ASX) Chart |