Morning all.
I’m comfortable with 45% hedged. Sound and prudent management. I suspect hedging past 12 months just too expensive.
personally, I would have waited a month; August is traditionally the highest price period of the year. But I’m no IO expert. FEX are.
so happy to keep backing them.
I’d even think about hedging another 25-30% 6 months after the first one, so April next year, then rolling every 6 months from there.
cheers,
ned.
Ann: Fenix Enters 12-Month Hedging Arrangements, page-10
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Last
32.5¢ |
Change
0.005(1.56%) |
Mkt cap ! $225.7M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.0¢ | $286.0K | 873.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 29326 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 28000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FEX (ASX) Chart |