Thanks Gutfeeling, then surely at 20-25% of the output, the hedge is not drastic. 75-80% of output is still at market pricing.
So then the key to me, is what is the market fretting about?
Its maybe naive to simply say 'market manipulation' of the share price.
The only 'fundamental' reason I can see is nervousness regarding inefficient future capital spending given the ex-directors comments at the AGM or the market discounting expected production given the updated commentary in the 29/11/2021 presentation that production will now be at the lower end of forecasts.
RRL Price at posting:
$1.68 Sentiment: None Disclosure: Held
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