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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$1.68 |
Change
0.050(3.08%) |
Mkt cap ! $1.265B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.69 | $1.62 | $7.424M | 4.468M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19775 | $1.67 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 15224 | 2 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |