There is 1 downside with a high gold price for PRU. Their forward sales struck in the lowish $1,000s are now a huge liability. Should they fail to mine the oz for any reason they will have to buy on the open market to deliver on the contracts. Whilst this is unlikely it does increase their risk profile. So any delays or mine shutdowns could be very very painful financially .
I think that this is one reason holding back PRU, which under a no hedging scenario would be skyrocketing with the Au price.
are we on a winner?, page-8
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Last
$2.62 |
Change
0.040(1.55%) |
Mkt cap ! $3.605B | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.62 | $2.57 | $7.096M | 2.723M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 37790 | $2.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 187549 | 5 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| PRU (ASX) Chart |