At the time the GPA was a reasonable price to deliver gold. Gold price has ripped since so looks like a "bad" deal, however, if EMR went elsewhere for debt then they would have had to do more formal hedging. Sitting around hoping gold price goes up is not a sound business strategy either. More formal hedging, imo, would likely have required more ounces covered (relative to the GPA) albeit, likely at slightly better gold prices (i.e. futures/oppies closer to spot at the time) but net net, could be a worse deal. Either way, the debt providers get their pound of flesh if you want to build a mine, its a cost of doing business, but still a modest one on the way to a multi mine producer that will likely end up trading at a premium multiple if not bought out before then.
- Forums
- ASX - By Stock
- Ann: Quarterly Cashflow Report
At the time the GPA was a reasonable price to deliver gold. Gold...
Featured News
Add EMR (ASX) to my watchlist
|
|||||
Last
$4.00 |
Change
0.100(2.56%) |
Mkt cap ! $2.624B |
Open | High | Low | Value | Volume |
$4.02 | $4.02 | $3.92 | $9.884M | 2.478M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1132 | $3.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.00 | 74725 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1132 | 3.980 |
2 | 7966 | 3.970 |
2 | 7966 | 3.960 |
2 | 7966 | 3.950 |
1 | 1132 | 3.940 |
Price($) | Vol. | No. |
---|---|---|
4.000 | 74725 | 1 |
4.010 | 13255 | 1 |
4.020 | 43146 | 9 |
4.030 | 25088 | 3 |
4.040 | 7966 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
EMR (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online