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$1.57 silver lake resources limited

Comparison of RED and SLR - half year results are in, page-55

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deserthead

805 Posts.

194

02/04/24

11:14

Post #: 73144880
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Originally posted by Joelstar: ↑

SLR hedge book is in far better shape.
Due to gold price movements, RED shareholders are now a further 50 million dollars better off since merger deal was announced back in early Feb.

CY24March Q 12,000oz @ $2,841 OTM $620 = $7,440,000
CY24June Q 12,000oz @ $2,841 OTM $620 = $7,440,000
CY 24Sept Q 13,000oz @ $2,841 OTM $620 = $8,060,000
CY24 Dec Q 13,000oz @ $2,841 OTM $620 = $8,060,000
CY25 March Q 15,000oz @ $3,145 OTM $315 = $4,725,000
CY25 June Q 15,000oz @ $3,145 OTM $315 = $4,725,000
CY25 Sept Q 15,000oz @ $3,145 OTM $315 = $4,725,000
CY25 Dec Q 15,000oz @ $3,145 OTM $315 = $4,725,000
Total hedge liability $49,900,000

Movement since merger announcement Gold price + $341
110,000oz x $341 = $37,510,000
Hedge liability has increased by $37,510,000 since merger announcement on 5th of Feb.

RED

256,439 * ($3,460 - $2,584) = Hedge liability $224,640,564

Movement since merger announcement Gold price + $341
256,439oz x $341 = $87,445,699

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Mate SLR this qtr has about 40% hedged $600 underwater and counting. Now look at how WGX totally unhedged is performing. When do these morons get it?

SLR Price at posting: $1.24 Sentiment: Hold Disclosure: Held
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0 Great analysis

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