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clock Created with Sketch. 13/08/21
10:41
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Originally posted by Johnyb888:
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Ok fair enough. But an off take agreement doesn't lock in any price unless that is specifically specified in which case it is a hedge. It just means you agree to buy the product at the going market price so if IO prices keep sliding they will just get it cheaper. Bad for MGU but not for Anglo. So unless Anglo is worried they might not need the IO in a few months time (which seems unrealistic) there shouldn't be a reason for them not to go ahead with the agreement.
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yeah they should post the C1 cost. not fussed the IO price is still crazy good I mean compared to $30 a tonne a few years ago. not concerned. I'm down a f* load but I can't pull out never had a stock dip but now I'll have to ride the wave.
