RRL regis resources limited

RRL Gold Forward Contracts, page-4

  1. 1,748 Posts.
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    They deliver 25K per qtr as per the qtrly report which you should read it explains they now have 295K hedges remaining.

    Most are now Flat forward mean they are committed to deliver 25K per qtr. Previously they had spot deferred ( since from about 2015 - so these hedges were entered into a long time ago when AUD was a lot stronger to USD).

    Current management have "bit the bullet" or "taken the necessary medicine" to remove ( reduce ) the liability. Ie they may decide to add more hedges in the future ( based on their borrowing - luv the bankers )


 
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