good idea , but who would be your counterparty
difficult to see a mill agreeing to a high price for a long period to handicap their production.
generally larger buyer buy a stake as a natural hedge. Think posco with Roy hill , ansteel with karara ( now 100% was 50%) and various Pilbara producers
Hedging Iron Ore, page-4
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Last
37.0¢ |
Change
0.010(2.78%) |
Mkt cap ! $257.0M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.8¢ | 36.0¢ | $952.0K | 2.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74237 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 336700 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |