The issue will be enforcing it should the iron ore price drop. Dont know too many companies that have succeeded in taking action against a Chinese company for any type of hedge. If the price drops, the Chinese simply dont follow the hedging agreement.
Ann: Fenix Enters 12-Month Hedging Arrangements, page-38
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37.5¢ |
Change
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Mkt cap ! $260.4M | |||
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