Mate, they have nearly AUD1B in cash and a credit facility one third of their cash hoard that they haven't even drawn. The vast majority of hedging benefits one party, the banksters. And more so with gold/silver hedging than any other sector.
I sat and watched SoG implode over 2 decades ago. I'm by no means comparing PRU or any other producer to the SoG catastrophe, and I got out of them way before they imploded after I realised their dire predicament, but their situation, as well as the broader situation that was a symptom of gold production late last century left me scarred for life. I am vehemently opposed to hedging unless absolutely necessary.
Mate, they have nearly AUD1B in cash and a credit facility one...
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Last
$2.33 |
Change
-0.030(1.27%) |
Mkt cap ! $3.200B | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.37 | $2.31 | $9.428M | 4.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 54963 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 50703 | 4 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$2.34 |
Change
-0.030 ( 0.75 %) |
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| Open | High | Low | Volume | ||
| $2.35 | $2.36 | $2.31 | 1125159 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PRU (ASX) Chart |