I wish it wasn't so ... but the recent March activity report seems to indicate they need to deliver 500-600K of hedging per year out to Jun 2027 at least ... every ounce of it WAY out of the money ...
That would represent around 33% of total production ... ?
It may partly explain the terrible share price action of late ... ?
Not a great strategy as it turns out ... ?
A bit of a shame since I can't see why they needed to do it, unless they expected a crash in the gold price ...
Also disappointing they didn't manage to make use of the share buy-back when the SP was $11 or so ...
Best looking weekly chart, page-2096
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Last
$12.82 |
Change
-0.040(0.31%) |
Mkt cap ! $14.73B | |||
| Open | High | Low | Value | Volume |
| $12.88 | $12.92 | $12.79 | $35.03M | 2.724M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9989 | $12.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.83 | 11498 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |