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4.55%

34.5¢ fenix resources ltd

Ann: Dividend/Distribution - FEX, page-67

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Bailey241

1,161 Posts.

73

15/09/21

14:31

Post #: 56084785
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Originally posted by Bailey241: ↑

I'm coming from the perspective that the point of the hedge is not to guarantee a margin on the hedge quantity, but to hedge out the entire cost base of operation at a full production profile (i.e. nil margin). So the revenue on 50,000t monthly at A$230/t is equal to the cost base of 110,000t monthly at A$105/t (or whatever the exact numbers are). The hedge ensure the project as a whole breaks even throughout the hedged period. With cost base covered, any supply above the hedged quantity is essentially pure profit so why curtail production?

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FEX Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 34.5¢		Change 0.015(4.55%)		Mkt cap ! $239.6M

Open	High	Low	Value	Volume
33.5¢	34.5¢	33.5¢	$392.1K	1.158M

Buyers (Bids)

No.	Vol.	Price($)
3	112940	34.0¢

Sellers (Offers)

Price($)	Vol.	No.
34.5¢	234750	5

View Market Depth

No.	Vol.	Price($)
3	112940	0.340
3	134545	0.330
5	95263	0.325
6	354933	0.320
4	262596	0.315

Price($)	Vol.	No.
0.345	202750	3
0.350	154984	7
0.355	34632	3
0.360	490758	12
0.365	301369	3

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last 34.0¢			Change 0.015 ( 1.13 %)
Open	High		Low	Volume
34.0¢	34.5¢		33.5¢	434496
Last updated 15.49pm 07/06/2024 ?

FEX (ASX) Chart