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
GWR Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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