RE: China having to tap into reserves13 Oct 2021 16:23
40-50% will be hedged - possibly more, if loan conditions are such
But still, a great price to be at for the hedge
With all that loan available (when complete) I expect some movement on LD reasonably soon as well as opening up more production in MM
If todays news took us to 25p - then fully funded is going to take us to 35p surely - then when people realise how good the latest production RNS was and that is sustained over the coming weeks, plus the Santa Rally before Jan update and we should be back over 50p in January is my estimates
Lets clear Riverfort (hopefully today) then its just traders that are coming in now that will sell for a little while
Anyway, all guesswork, but what we do know is that with the current outputs, we are significantly cash positive without dev. With Dev, we should be cash positive soon and that really allows for loan repayments to be met as coverage may have been part of the issue for delay
GLA and well done to those that held these last few weeks with the uncertainty around