AXM
Click for more information
0.00% 1.1¢ apex minerals nl

We've been told the raising fund will be principlly used to meet...

  1. quickgrowth
    60 Posts.
    lightbulb Created with Sketch. 1
    clock Created with Sketch.
    22/05/09
    21:10
    Post #: 5196136
    We've been told the raising fund will be principlly used to meet commitment icure by company during the march 2009 quarter. The commitment should be hedging position, I can't find other meaning.Lets calculate 75000oz forward sell at A$1140/oz, they have produced 27000oz,so they only
    need cover the rest 48000oz position, currently gold spot price is around US$950=A$1266, 1266-1140=126 126*48000=6048000, that means only need 6mil they can cover hedging position, what about other 20mil?
    AXM Price at posting: 16.6¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

CMX ChemX Materials kicks off first stage works at WA high purity alumina pilot
right-arrow Created with Sketch.
SFX Sheffield Resources achieves milestone production, shipments at Thunderbird, WA
right-arrow Created with Sketch.
NEWS Microcap Wrap: 5 explorers with news out today
right-arrow Created with Sketch.
SXL Southern Cross says no to buy up of Australian Community Media assets
right-arrow Created with Sketch.
TBN Tamboran is developing the NT Beetaloo Basin. To get there, it's listing at $36/sh on the NYSE
right-arrow Created with Sketch.
PDN Paladin flags up to 4.5Mlbs of uranium production in FY25 guidance
right-arrow Created with Sketch.
watchlist Created with Sketch. Add AXM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.