iron ore is not like other commodities my friend. it is extremely volatile & China is a like a mentally unstable wife. could go off at any moment and blow up in your face. this is a safety net by FEX management. 45% of production locks us in profit until 2023 practically. 55% remains at spot price. looks the goods to me & It makes my hold ever so easier.
Ann: Fenix Enters 12-Month Hedging Arrangements, page-35
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
42.5¢ |
Change
-0.010(2.30%) |
Mkt cap ! $288.2M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 41.5¢ | $782.6K | 1.869M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 146380 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 69046 | 4 |
View Market Depth
| Last trade - 13.35pm 30/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |