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
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Last
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $211.8M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.5¢ | $5.144K | 16.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 305993 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 44046 | 5 |
View Market Depth
| Last trade - 12.01pm 15/05/2024 (20 minute delay) ? |
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Last
31.0¢ |
Change
0.000 ( 0.77 %) |
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| Open | High | Low | Volume | ||
| 31.0¢ | 31.0¢ | 31.0¢ | 33103 | ||
| Last updated 11.50am 15/05/2024 ? | |||||
| FEX (ASX) Chart |