The amortisation of the hedges is listed in the Notes to the Financial Statements in the Annual Report. The 20k Oz’s per Quarter sales largely wipe out the hedge commitments. The company needs to end calendar 2022 with under 200k ozs of hedged ounces. While the POG is at the current level I would be more than happy to see RRL to close 100k ozs or so of hedging- short term pain for long term gain.
RRL Price at posting:
$3.53 Sentiment: Buy Disclosure: Held
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