GREY:VITFF - Post by User
Comment by
Greatdaysaheadon Jan 06, 2020 9:02am
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Post# 30521366
RE:RE:RE:RE:POG
RE:RE:RE:RE:POG In CAD, POG is at CAD 2040.
40'000 oz of 2020 production is hedged at CAD 1500 with a "roof" price @ CAD 1936. So VIT will have to pay some cash to Macquarie.
Does someone knows the maturity date of these 2020 (year) calls sold by VIT ?
For their presentation:
100,000 ounce zero-cost collar 40,000 ozs in 2020, 60,000 ozs in 2021 Floor price is C$1,500 per ounce. (purchased put options) If gold price falls below this price, we will receive a payment from Macquarie. Payment = C$1,500 less actual price multiplied by # of hedged ounces Roof price is C$1,936 per ounce. (sold call options) If gold price goes above this price, we will have to make a payment to Macquarie. Payment = actual price less C$1,936 multiplied by # of hedged ounces