morning traders 20/08, page-111

  1. spawk
    5,439 Posts.
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    20/08/19
    12:17
    Post #: 40055146
    SAR Just checked, now down from 4.70 to 3.50 in last 2 weeks, and nearly -6% today as I write.

    Cracking good operationally w plenty of gold coming out at good aisc. So what's wrong?

    Financials show they're heavily hedged @ 419k oz for AUD1840/oz (vs AUD2200/oz spot).

    Is that why they're being punished? Seems a bit excessive, they're still highly profitable.
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