I think the hedging was prudent given it locks in a margin of $500 to $600 per ounce. At their rate of production the hedging is going to ensure profitable cash flows of $35 to $42 million! ALK like all gold producers will continue to benefit from rising gold prices over the longer term.
Good volumes yesterday, I suspect shares sold under 20cps are falling into strong hands.
Ann: TGO Executes Gold Hedge for Working Capital Facility-ALK.AX, page-3
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $284.3M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.5¢ | 46.8¢ | $521.4K | 1.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4298 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 15475 | 2 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| ALK (ASX) Chart |