Could someone please explain why anyone would put $US 68.5 m in put options at 0.85 when the current exchange rate is around 0.76? This alone would generate a $A 10 m loss of revenue and the Q report said they will be looking for more such opportunities.
I think this might be why the CFO is going because it seems to be a F... moronic decision.
Would appreciate any input.
Keep the Faith
Bauxite investors unite
Forward cover of exchange
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5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $321.5M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.1¢ | $833.1K | 15.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 571521 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 3098697 | 6 |
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