Hey team been think about all this hedge and c/m shut-down talk.....
So going on past announcements If half the production was guaranteed to Sinosteel as mentioned in 14 October 2020 and Atlas were the marketing agent for 50% mentioned end of June 2020 . So who's 45% was hedged and which company do you think doesn't want their high grade iron ore at these prices...
As you would think Gina would still buy just to blend it in with some of her low grade stuff so maybe Sinosteel has been pushed to drop out for a year maybe and said to Fenix you can sell it...
I've seen nothing mention that has either of these deals changing and was wondering if anyone has read different as I've obviously missed the announcements.
FEX Valuation, page-441
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Last
39.5¢ |
Change
0.010(2.60%) |
Mkt cap ! $274.3M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.5¢ | 38.0¢ | $607.3K | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69556 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 38158 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |