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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Despite the volatility gold is doing very well given the roaring...
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.107B |
Open | High | Low | Value | Volume |
52.5¢ | 52.5¢ | 51.5¢ | $2.700M | 5.188M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 172817 | 52.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.5¢ | 163214 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 172817 | 0.520 |
7 | 372958 | 0.515 |
10 | 155499 | 0.510 |
6 | 140849 | 0.505 |
10 | 206150 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.525 | 163214 | 6 |
0.530 | 215568 | 6 |
0.535 | 667617 | 3 |
0.540 | 55149 | 3 |
0.545 | 132935 | 7 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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