In my view, executives of gold producers who have kept hedge books open even today (they should have closed then at US$600/oz when it was clear the POG was going to hit all time highs before a big correction) should be sacked. Newcrest and Lihir have blown billions in buying back their hedge books. Barrick swolled the bitter pill of the buyback last year. OGC is paying the price of an open hedge book.
half year report, page-3
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63.5¢ |
Change
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Mkt cap ! $1.351B | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 65.0¢ | 63.0¢ | $3.704M | 5.798M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20000 | 63.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 50395 | 2 |
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