FEX 8.86% 36.0¢ fenix resources ltd

Ann: Fenix tops up hedge book, page-13

  1. 2,527 Posts.
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    Hedge result for July.
    hedge 50kt @ a$170.80
    ave price us$108.75 p/t * 1.53 = a$166.39 p/t
    a$170.80 - a$166.39 = a$4.41
    50k * a$4.41 = a$220,500 win.
 
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