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It's likely that AGT's hedge committment of 44,357 oz for 2009 was fullfilled sometime during October. Production data below sourced from Apollo's web site.
Q2 11860 oz Q3 23260 oz (includes St Andrews) October ~7500 oz plus ~2700 oz St Andrews Total ~45330 That leaves Nov and Dec selling at spot. Probably > 15,000 oz. Obviously Apollo would be better off without hedge, but only 18.1% of Apollo's reserves are hedged. Now that Year 1 is likely fullfilled, that leaves 14.8% remaining (not adjusted for gold delivered). Rating :
 (4 Ratings) |
44/Male |
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Messages in Topic
| Subject | Author | Rating | Time of Post (ET) | ||
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AGT 2009 Hedge Fullfilled Now Selling at Spot
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thino2 |
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4-Nov-09 08:59 pm | ||
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I didn't know that they had delivered
all they n...
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howyafeelin | (2 Ratings) | 4-Nov-09 09:15 pm | ||
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Howie, I'll start to chirp if this is correct...
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paycheck512 | (2 Ratings) | 4-Nov-09 09:16 pm | ||
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I assume Apollo would have been delivering ev...
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thino2 |
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4-Nov-09 09:19 pm | ||
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Just think if they say this in the CC
...
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howyafeelin | (1 Rating) | 4-Nov-09 09:23 pm | ||
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howya, the total amount hedged and annual "de...
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gwohanka | (1 Rating) | 4-Nov-09 09:39 pm | ||
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Shall I go BACK and show you were talkin...
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howyafeelin | (1 Rating) | 4-Nov-09 09:45 pm | ||
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howya, please you do not need to of...
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gwohanka | (1 Rating) | 4-Nov-09 10:17 pm | ||
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THEY DON'T TAKE A LOSS ON THE ...
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howyafeelin | (1 Rating) | 4-Nov-09 10:39 pm | ||
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To keep it simple, I have...
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gwohanka | Rate it | 5-Nov-09 09:42 am | ||
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For conversation's sake, why would AGT not announc...
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tekton99 | Rate it | 4-Nov-09 09:32 pm | ||
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Tekton, thiers so many things we don't know.....
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paycheck512 | Rate it | 4-Nov-09 09:34 pm | ||
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It's likely that the hedge was satisfied...
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thino2 | Rate it | 4-Nov-09 09:42 pm | ||
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I did. It's a rehash of their 424B5. I...
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dablood09 | Rate it | 5-Nov-09 01:18 am | ||
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Clearly the INFO is available we just
didn'...
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howyafeelin | Rate it | 4-Nov-09 09:42 pm | ||
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Actual hedge size for 2009 was bigger than 45 KOz,...
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warmcamp | Rate it | 5-Nov-09 07:52 am | ||
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Based on Warmcamp's comment and reviewing tot...
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thino2 | (1 Rating) | 5-Nov-09 08:09 am |
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