g’day nickeast.
yeah, that’s what I was getting at. Many investors don’t like the uncertainty of IO prices. If they hedge a reasonable amount for say 2-3 years, then that goes away. Locks in the profits. Also locks in the soon to be announced divs as well.
I think we have around 7 years LOM now, some step out drills might increase that a bit and we’re all hoping for some serious tons (5-30mt) on our JV ground. If we have div and hedging announced and we then hit some decent tons that extend LOM, then we’re off to the moon.
any increase in output (with transport issues sorted), would be cream on top.
cheers,
ned.
Hedging Iron Ore, page-3
-
- There are more pages in this discussion • 23 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
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 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |