Thanks @speculator101.
I originally thought the hedge was a contract to sell at a future date and was wondering whether the buyer could renegotiate the price, upon reading your comment I realised I must have misunderstood and researched it some more, I now understand how the hedge works and that it's achieved by shorting gold futures.
Update and Hedging, page-51
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Last
$1.29 |
Change
-0.040(3.02%) |
Mkt cap ! $1.429B | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.36 | $1.28 | $6.872M | 5.293M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 54579 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| SPR (ASX) Chart |