I agree. In saying that, it's likely a requirement for their credit facility to have a hedgebook. It's forecasted that 24% of production the next three years will be hedge sales @ $2030. If prices go higher than this, 76% will still be sold above this, so it's not all doom and gloom. Allows for semi-predictable revenues, which is nice.
Ann: September 2023 Quarter Report, page-5
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Last
$2.51 |
Change
0.060(2.45%) |
Mkt cap ! $3.448B | |||
| Open | High | Low | Value | Volume |
| $2.48 | $2.52 | $2.43 | $8.719M | 3.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22059 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 124890 | 11 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |