EL from the Open Briefing of 27th Sept, re hedging -Chris says they have delivered into their last hedge, is how I read it. Or is it just the last of the "low value "hedges?
MD Chris Bonwick
The profit increase was mainly due to higher nickel prices, as well as the fact that
during the year we delivered into the last of our low value hedge contracts which
were left over from the original bank financing of the Long Nickel Mine
acquisition. This meant that we were able to deliver more nickel into spot and at
current prices and production levels we are receiving an extra $4 million per
month in revenue.
cheers
EL from the Open Briefing of 27th Sept, re hedging -Chris says...
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