Quite honestly i dont think producers follow the spot price, perhaps if it did a big unexpected break from range, buy otherwise I think they follow a moving average, a 3 month moving average would work well for pricing in quarterly results, non producers I reckon are closer to following a 2 or even 3 year moving average.
A bit dissapointed we only got to 65c on the last run, was hoping to see at least above 70c
Happy new year all
CRK Price at posting:
55.6¢ Sentiment: LT Buy Disclosure: Held
