Despite the volatility gold is doing very well given the roaring USD and falling oil price. In fact, with gold at $US 850 and crude oil $80 the gold oil ratio is 10.6... much better than 6.2 several months ago (give or take a decimal point). In addition, we have an AUD-USD exchange rate of 64c.
These two facts are immensely good news for a high cost ASX producer like RSG.
The total hedge book is less than RSG's production in FY09 (320k oz versus 400k oz). Didn't RSG have 10-yrs production forward-sold once upon a time? While they don't appear to admit to past hedging malpractice, less than one year's production hedged today tells the true story.
Rowingboat.
another sbm, page-13
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Last
65.0¢ |
Change
0.025(4.00%) |
Mkt cap ! $1.383B | |||
| Open | High | Low | Value | Volume |
| 63.5¢ | 66.0¢ | 63.0¢ | $6.505M | 10.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15111 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 185677 | 8 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RSG (ASX) Chart |