SBM 7.14% 22.5¢ st barbara limited

Ann: Quarterly Report Q4 June FY20, page-29

  1. 165 Posts.
    lightbulb Created with Sketch. 37
    Hedging for AUS/PNG Production in FY21 is about 17%. (Prod 282,500 48435 Hedged)
    If you spread the second C$ hedge evenly over the 10 quarters of delivery (Dec22 is Q2 FY23) then the Canada hedging is 75% in FY21 and 29% in FY22. (107500 Prod, 81010 Hedge in FY21, 31204 hedge in FY22)

    Entirely reasonable hedging except for the Canada FY21 IMO.
    So the Averaged Hedge in FY21 is 33%.

 
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