PRU 2.43% $2.53 perseus mining limited

Yes GB, I thought it would be poor and my expectation was for...

  1. 4,323 Posts.
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    Yes GB, I thought it would be poor and my expectation was for ~37 koz at $1250. The hedge prices on a quarterly basis are unclear to me as I thought there was some hedging at US$1600 in December. I'm not entirely sure how the hedging contracts work. I know they have rolled over some of these in the past.

    They have downgraded the second half which the market will probably not like.

    Cash balance was impacted somewhat by the Sissingue early works of US$5.1M. The deferral of Sissngue now looks more permanent judging by the language. Suggests even more strongly that come sort of corporate activity is on the cards in my view.
 
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