From memory, in the 2022 annual report they listed a chunk of forward sales that were > 12 months at ~US$400/t.
And in subsequent announcements they have mentioned "having a heavily sold forward book".
And when the price dropped below ~US$300(?) Milner said he was surprised it had stayed up so long. (which explains the forward book).
From memory, in the 2022 annual report they listed a chunk of...
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$3.95 |
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| Open | High | Low | Value | Volume |
| $3.95 | $3.97 | $3.92 | $21.97M | 5.529M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 393240 | $3.95 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 4356 | 1 |
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