That is no doubt the driver.
Price hovered around $2500 - $2,600 but has fallen to $2,240.
I wonder how much they managed to hedge at those higher prices. Think their average hedge over the next 18 months is at $2,288, so at least their hedges are in the money.
profit projection 300 million, page-31
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Last
$1.94 |
Change
0.075(4.02%) |
Mkt cap ! $2.220B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.94 | $1.88 | $6.442M | 3.348M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13041 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 44693 | 3 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |