Why is FEX still tanking today?, page-2

IOP prices are taking a dump for Chinese winter, this time I think will go a fair bit lower than last year, so this FEx is going to struggle to get any $$$ across the line for the next several months, maybe longer.

$230 aud hedge ending in a month.

C&M is gaining clarity as they may make some $ off the new hedge (was it $140 Usd/T for 35,000T/month?) , about 1/4 of their monthly volume, while the rest of the ore stands to be sold at a loss, if they let it happen.

I don't believe savings from the truck deal will be realised as the fuel excise discount will end at the end of september;

"The Federal Government’s fuel excise tax – which was halved to 22.1 cents per litre for a period of six months to help ease cost-of-living pressures – is also set to revert back to 44.2 cents per litre on 28 September."- Source: Drive.com.au.

Fleet operating costs are also climbing significantly across the Automotive industry(R&M).

Things are going to get ugly as China idles down for the winter, Europe's industry is looking like it will be on it's knees and most consumers are broke due to inflation.

I don't believe that JW has been up front to SH regarding risks to the business in the coming year.

I still like this stock, but dark clouds are hovering over it atm.