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
$4.70 |
Change
0.000(0.00%) |
Mkt cap ! $3.973B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1450 | $4.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.56 | 19 | 2 |
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