Question for all and sundry.
According to the latest quarterly RRL has a hedgebook of 440koz @ A$1,617/oz deliverable by 10koz per quarter. If my maths serves me right that means they will only deliver on this hedge after 44 quarters or 11 years. I have never seen such a hedge before (duration). Two questions
1. Is the above accurate?
2. If so, how do they deliver on it when they only have 5 years of reserves (at Duketon) remaining? (2,000koz / 400kozpa)
Question for all and sundry. According to the latest quarterly...
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Last
$1.69 |
Change
0.015(0.90%) |
Mkt cap ! $1.280B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.71 | $1.69 | $1.824M | 1.055M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 57121 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 24023 | 18 |
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| Last trade - 10.59am 01/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |