This is management at its finest - very well balanced hedge to maintain profitable operations in the face of very volatile and fluctuating gold environment - 6-9 months ago how many shareholders would have been wishing and lamenting that this wasn't in place.
For a management company seeing a share price of over $1 plummet to 3c, to be able to lock in this balanced amount of gold at a hedge at near record AUD gold prices is well thought out.
Just my opinion, but personally I'm comfortable with this decision as it lays a solid foundation for the company to remain in the long term.
This is management at its finest - very well balanced hedge to...
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$2.14 |
Change
0.040(1.90%) |
Mkt cap ! $2.456B | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.15 | $2.07 | $5.340M | 2.516M |
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| No. | Vol. | Price($) |
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| 7 | 96948 | $2.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 39393 | 3 |
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