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.
Despite the volatility gold is doing very well given the roaring...
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Last
43.0¢ |
Change
-0.015(3.37%) |
Mkt cap ! $915.4M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.3¢ | 42.3¢ | $8.553M | 19.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 300246 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 50870 | 3 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| RSG (ASX) Chart |