FEX 2.60% 39.5¢ fenix resources ltd

FEX Valuation, page-434

  1. 97 Posts.
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    Ok. I get what you mean.
    Although unless they are contractually obligated to do so (is this part of the hedging arrangement?), I don't see much reason for them to sell the 55% unhedged at below cost, just because they've covered those costs in the 45%. They would just be depleting their reserve for no real benefit.


 
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