Haha. Interesting points, and strongly made ...
I guess you hold gold shares because you think the AU price will go up ...
I guess you don't sell NST when they are down because you believe they are undervalued.
That's the extent of my predictive skill, and that of my advisors ...
Further, I guess management initiates a buy-back because they believe the company is meaningfully undervalued.
So, maybe they had made similar assessments and advice ...
Why hedge though if you don't need to, unless you believe it likely the AU price will decline?
and ...
If you initiate a buy-back (presumably because you feel the stock is significantly under-valued) then why not use it?
I'm not an expert, but I just think it is disappointing for management to have made 2 such significant bad decisions ...
Cost of the hedge-book ends up being in excess of $1 billion at current prices ...
Cost of not using the buy-back when it was decided upon is a further $60,000,000 ...
Haha. Interesting points, and strongly made ...I guess you hold...
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Last
$13.43 |
Change
-0.280(2.04%) |
Mkt cap ! $15.43B | |||
| Open | High | Low | Value | Volume |
| $13.59 | $13.65 | $13.28 | $45.09M | 3.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 99022 | $13.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.43 | 3405 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$13.39 |
Change
-0.280 ( 1.81 %) |
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| Open | High | Low | Volume | ||
| $13.60 | $13.60 | $13.28 | 633377 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| NST (ASX) Chart |