It doesn’t work that way
it is the hedge (AUD$230) minus the spot price (roughly AUD $130 at the moment). This amount x 50000.
Cash settled at the end of each month
So roughly $5mil owed to us on current spot prices by the bank the hedge has been placed with.
If the spot price goes above AUD$230, we pay the difference on 50000 tonnes a month to the bank
FEX Valuation, page-415
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
37.0¢ |
Change
0.010(2.78%) |
Mkt cap ! $257.0M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.8¢ | 36.0¢ | $952.0K | 2.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74237 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 336700 | 3 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |