The hedging I'm talking about would be insignificant for the most part but would secure a very reasonable price at this level especially if fuel costs could also be hedged.
This announcement about the offtake agreement smells to me as it would appear there is an agreement to sell 1.25 million ounces to some unnamed party at the prevailing spot price subject to an agreed quotation period.
The company "retains the right to buy back the offtake" This smells as well.
This appears to be why there is no hedging in the normal sense and some unnamed party (but no doubt connected) wants its hands on the waf bullion and the company agrees.
We need to know who this party is and the quotation period.
No word yet but if these guys get back to me I will post their response.
The hedging I'm talking about would be insignificant for the...
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Last
$1.52 |
Change
-0.010(0.66%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.55 | $1.51 | $2.794M | 1.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 27036 | 2 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
