MGX 1.16% 43.5¢ mount gibson iron limited

Of course a strengthening IO price should be positive but maybe...

  1. 10,386 Posts.
    lightbulb Created with Sketch. 2013
    Of course a strengthening IO price should be positive but maybe we should note that they have tripled their IO hedging from 35kt/month(Jan to Mar) to 105kt/month(Apr to Jun)-are they running scared about the future price or just being cautious with this extra insurance cost where the fees could be upwards of a million dollars per month.
 
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