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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Last
$1.89 |
Change
-0.045(2.33%) |
Mkt cap ! $2.162B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.94 | $1.88 | $7.821M | 4.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 89751 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 14263 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |