Something's not right about the "400M oz" hedged. If RRL had that much gold hedged, its current sp would be at least $30. I think you mean 399K oz. The current reserves and resources statement:
7.7m oz resources = 7% still under hedging.
3.6m oz reserves = 12% still under hedging.
Shame about the foregone profits from hedging, estimated at (399 + 52)k x AUD1,000 = AUD451M.
Could have bought a decent gold mine for that money.
G.
Time to buy Gold?, page-94
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Last
$1.91 |
Change
0.115(6.41%) |
Mkt cap ! $1.437B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.92 | $1.87 | $6.969M | 3.685M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 55330 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 19830 | 10 |
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| Last trade - 14.20pm 13/09/2024 (20 minute delay) ? |
| RRL (ASX) Chart |