Not quite hedging but believe mgx sold all low grade product from extension hill last year under a fixed price deal I believe. Ultimately was a very good deal for the buyer. For mgx it commercialised remnant stockpiles and helped with rehab . Was a different price environment and all costs had been sunk so not quite same circumstances that FEX are in.
Hedging Iron Ore, page-9
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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 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |