Very disappointing for AGO that contractors get 25% of IO price above 66.
margin is 43 at these price so contractors get 11 and AGO get 31 margin.
It finishes in April so 5 months at av margin of 36 is 9 loss at 5.3 tonne is $48 mill loss to AGO and happy contractors at the totally amaz deal they got for their faith. Cant find the reference for this deal- just from memory so dont trust this as usual.
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Very disappointing for AGO that contractors get 25% of IO price...
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