Allowing for worse case scenario of AU$40n/tonne shipping and last cost to Geraldton port at around AU$84/tonne the $50k Tonne per month hedge price means a AU$50/tonne margin on this with $70k tonne per month at market rates which currently is about the same price as the hedge price.
With IO pricing on the increase FEX is heading towards a great result for the next quarter and last 6 months. Ka- Ching $$
Ann: Fenix extends iron ore hedging cover, page-4
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
35.0¢ |
Change
0.020(6.06%) |
Mkt cap ! $243.1M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 35.0¢ | 33.0¢ | $728.2K | 2.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7568 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 341828 | 18 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
34.5¢ |
Change
0.020 ( 4.42 %) |
||||
| Open | High | Low | Volume | ||
| 33.0¢ | 35.0¢ | 33.0¢ | 401184 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| FEX (ASX) Chart |