im just glad they started hedging atleast on the way down otherwise RVR would be .14c IMO
From the latest Q
"The Company continued to execute a short term hedging program over the quotation period (QP) for sales of zinc and lead metal already produced. Typically, between 80 and 90 % of the payable zinc and lead metal for each shipment of zinc and lead concentrates was hedged for the period from the issue of the first provisional sales invoice to the final settlement of the sale, which may occur between one and three months later. The QP hedges currently in place on the quarter’s zinc and lead concentrate sales range between US$1.18 and US$1.27 per pound of payable zinc metal and US$ 0.92 per pound of payable lead metal.
With the AUD at .685 thats over $400o aud if my numbers are right
RVR Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
