"The Board believes that entering into the hedge program is a prudent strategy......"
Let's stick to facts as no one but the Board and Investec know the real answer.
The statement says "prudent strategy" NOT their decision or a condition therefore it could be a Board decision, Investec condition or both mutually agreed.
Either way no one cares but you - the fact is it was a prudent strategy - the average POG in 2014 was below A$1462.
You started the silly comparison of TBR and NST and continue to fly kites and chase red herrings. The fact remains NST is a cash machine while the fact is TBR is irrelevant in the Ausi gold market due to a complete absence of depth!
"The Board believes that entering into the hedge program is a...
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Last
$16.51 |
Change
0.170(1.04%) |
Mkt cap ! $18.98B | |||
| Open | High | Low | Value | Volume |
| $16.32 | $16.52 | $16.24 | $46.90M | 2.847M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10100 | $16.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.51 | 8276 | 3 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |