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
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Even with it's Hedging Fex won't be making much if the price...
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8.9¢ |
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Open | High | Low | Value | Volume |
8.9¢ | 8.9¢ | 8.9¢ | $4.388K | 49.3K |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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9.4¢ | 80874 | 2 |
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No. | Vol. | Price($) |
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1 | 10963 | 0.087 |
1 | 100000 | 0.086 |
1 | 6098 | 0.082 |
1 | 14285 | 0.070 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 80874 | 2 |
0.095 | 100000 | 1 |
0.096 | 100000 | 1 |
0.097 | 88588 | 1 |
0.100 | 39000 | 2 |
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