I absolutely agree. I have no idea how it works either but I assume you would struggle to hedge much over $150 for any reasonable period of time. Just take a look at the futures market to see what IO is worth in the future. I have included the contracts from July 2021 to December 2022 below in order.
Hedging Iron Ore, page-12
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $347.8K | 1.327M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 240502 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 155900 | 5 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |