This is prudent risk management
They forecast a short term increase in costs and have locked in a healthy margin by forward selling some contracts - they want to keep building their cash pile rather than to be exposed to spot market which could ( never know the spot market) prices
Ann: Short term gold price protection to December 2020, page-3
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Last
35.3¢ |
Change
0.003(0.71%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 34.3¢ | $838.2K | 2.403M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 594859 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 1023915 | 36 |
View Market Depth
| Last trade - 14.19pm 22/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
