this is from the annual report and is also in the ASX announchement about the hedge.. it specifically says ALD are entitled to 40% in the upside of the gold price. so get your facts right sandumb.. and it's a tiny hedge!
"Allied Gold hedged 170,000
ounces of gold at an effective price of
USD$700 per ounce. The Participating
Gold Forward Option that the Company
has entered into also allows the
Company to participate in any upside
in the price of gold for 40% of the
Company’s hedging commitment while
remaining protected at USD$700 per
ounce at all times as a worst case on the
entire 170,000 ounces hedged."
yes i hold ALD>
this is from the annual report and is also in the ASX...
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Last
$35.29 |
Change
0.100(0.28%) |
Mkt cap ! $8.409B | |||
| Open | High | Low | Value | Volume |
| $35.33 | $35.88 | $35.25 | $32.53M | 916.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 263 | $35.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.29 | 9677 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$35.46 |
Change
0.100 ( 0.18 %) |
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| Open | High | Low | Volume | ||
| $35.31 | $35.88 | $35.27 | 114041 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ALD (ASX) Chart |