FND 3.24% $2.87 findi limited

Why in heavens name would they want to sell the hedge? They want...

  1. 14,777 Posts.
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    Why in heavens name would they want to sell the hedge? They want to produce copper at a profit which can be done with a combination of the hedged and unhedged Cu sale price. In the longer term that would hope for the Cu price to turn up. The only reason I can see someone would want to monetise the hedge is to turn up some short term cash. I suspect there is also a tax benefit in not monetising the hedge. The board and myself and the Japanese partner are in the project to produce copper and a growing income stream. The hedge is a part and now an important part toward that goal. Whoever wants to sell the hedge sounds lack an asset stripper. If you want to, Asher strip and so raise the share price, go buy the shares on the market and put through the plan.
 
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Last
$2.87
Change
0.090(3.24%)
Mkt cap ! $140.0M
Open High Low Value Volume
$2.75 $2.99 $2.74 $690.6K 240.2K

Buyers (Bids)

No. Vol. Price($)
1 4478 $2.87
 

Sellers (Offers)

Price($) Vol. No.
$2.93 4917 1
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$2.90
  Change
0.090 ( 5.07 %)
Open High Low Volume
$2.77 $2.98 $2.74 35577
Last updated 15.57pm 29/03/2024 ?
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