I too thought the same. But if you check their quarterly reports they seem to receive the same revenue regardless of the prevailing gold price. It leads me to think they're completely hedged and I have tried to email them to ask about their hedging but have had no response.
I too thought the same. But if you check their quarterly reports...
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$3.80 |
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Mkt cap ! $199.3M | |||
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2360 | $3.80 |
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|---|---|---|
| $3.84 | 727 | 2 |
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