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.
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Last
71.5¢ |
Change
0.030(4.38%) |
Mkt cap ! $1.522B |
Open | High | Low | Value | Volume |
70.0¢ | 72.5¢ | 69.5¢ | $8.231M | 11.56M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 110815 | 71.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.5¢ | 256373 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 110815 | 0.710 |
4 | 172992 | 0.705 |
6 | 49842 | 0.700 |
2 | 57367 | 0.695 |
5 | 79267 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.715 | 256373 | 3 |
0.720 | 303981 | 10 |
0.725 | 223786 | 7 |
0.730 | 505947 | 6 |
0.735 | 47367 | 2 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
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