FEX 1.28% 38.5¢ fenix resources ltd

Ann: Fenix Enters 12-Month Hedging Arrangements, page-10

  1. 1,601 Posts.
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    Morning all.

    I’m comfortable with 45% hedged. Sound and prudent management. I suspect hedging past 12 months just too expensive.
    personally, I would have waited a month; August is traditionally the highest price period of the year. But I’m no IO expert. FEX are.
    so happy to keep backing them.

    I’d even think about hedging another 25-30% 6 months after the first one, so April next year, then rolling every 6 months from there.

    cheers,

    ned.
 
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