There's another way of looking at it. We get coverage (at $2) for about 20% of the shares we currently hold.
I intend to wait to wait till the Au price has peaked then sell 20% of my WGX. If it continues to push up. I know I exercise the option at $2. If not I can buy back the WGX at the price it fall to. That is the true beauty of a hedge the similar effect lost on the person who opined the hedge was $30/ oz in deficit.
There's another way of looking at it. We get coverage (at $2)...
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Last
$2.86 |
Change
0.050(1.78%) |
Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.87 | $2.78 | $13.35M | 4.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72565 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 17255 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |
