TPC 0.54% $11.07 tpc consolidated limited

Ann: Appendix 4E and Annual Report, page-23

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    Thanks for that. So I wasn't too far off the mark that they were turning away business so they could take the $$$ from the hedges. There's nothing wrong with turning a hedge into a directional trade I guess. But obviously it is very, very much a one off and anyone plugging in that accounting profit and walking it forward is going to get their fingers burnt.

    Thanks again, I appreciate it.
 
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