Smoke and mirrors RJM19. Hedging 7.4% of reserves, but 200k oz hedged at A$2062/oz for the next 20 months (deliver 10k oz a month). This is approximately 35% of the next 2 years production.
Need to see progress at Big Bell. Capital basically sunk, $92m this year. More importantly need to exit FY21 at a run rate of 1mtpa (note 1 year behind schedule), June qtr 450ktpa run rate. Current gold production guidance incorporates Big Bell contributing, amount not specified, so need to assume some risk to the guidance.
IMO share price reflects management not delivering.
Smoke and mirrors RJM19. Hedging 7.4% of reserves, but 200k oz...
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Last
$2.64 |
Change
-0.090(3.30%) |
Mkt cap ! $2.490B | |||
| Open | High | Low | Value | Volume |
| $2.73 | $2.75 | $2.63 | $18.57M | 6.972M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 62497 | $2.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.66 | 31612 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| WGX (ASX) Chart |