Even with it's Hedging Fex won't be making much if the price goes down around $50, they will be digging it up for nothing
and it's only got 12 mths to run. I bet they're sorry they paid a dividend, with the China crisis unfolding.
One other thing about Hedging, is, it's a contract... Whoever they have the contract with will be wanting to rip it up, with any old excuse.
Things like lower grade in one of the shipments or failing to make a shipment for one reason or another
Another ship lining up tomorrow, page-80
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
