Hedging is mostly done for financing purposes but so often coy go under water with imprudent hedging. Anglogold Ashanti went down due to hedging in the late 90s when pog exploded to over $300 USD.
Goldfields cashed in their hedges and bought au at $253 from Gordon Brown when he sold the UKs gold reserves at public auction.
Seen too many hedgehogs go down to see it warranted. Coy must believe in their business and the product they produce.
Hedging is mostly done for financing purposes but so often coy...
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $301.7M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.5¢ | 49.8¢ | $419.3K | 824.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 85781 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 17252 | 3 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
50.0¢ |
Change
-0.015 ( 2.36 %) |
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| Open | High | Low | Volume | ||
| 50.0¢ | 52.5¢ | 50.0¢ | 264399 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ALK (ASX) Chart |