I agree Falcon, all the negative post on hedging are based on a false premise that hedging is for losers. When the price of gold was $250 it might have been the case but with gold close to $1500 AUD, it is a fair deal. If gold goes to 10,000AUD then some would say bad move but it it returns to under $1000 which is closer to historic norms then I think hedging some output is a good bet. Not to is to bet the whole mine on the POG rising.
I agree Falcon, all the negative post on hedging are based on a...
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Last
$1.91 |
Change
0.010(0.53%) |
Mkt cap ! $2.183B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.91 | $1.87 | $7.285M | 3.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 166121 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 18104 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |