RSG 1.57% 64.5¢ resolute mining limited

trading halt, page-10

  1. 29,737 Posts.
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    re: trading halt- from annual report yo quote from the annual report

    "Continued restructure of hedge book with a focus on increasing price protection through put options."

    comment was also made by a company representative, that there was a strategy, to write calls, and the premiums used, to buy a greater number of puts -almost double

    no mention was made about the huge blow out in the level of forward sales

    it is possible of course, that some market players were aware of the situation, and did not like the strategy
 
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