10,000 oz a month (at the hedged price of $500) onlly accounts for 120,000 oz of CRS's total annual production of 300,000
So ... 280,000 oz are exposed to the spot price.
And with hedged positions set to progressively fall I would say, given a longer term perspective, that it is very positive.
I guess it depends on how you look at it.
hedging .. irj., page-4
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Last
3.4¢ |
Change
-0.004(10.5%) |
Mkt cap ! $9.495M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.4¢ | $108.6K | 3.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1180000 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 500000 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| CRS (ASX) Chart |