okra I don't get what you're saying? Even if you hold inventory and deliver into the hedge at the end of the life, you're still getting the hedged amount? Either way if you hedge 1,000 lb at $7,500/lb, you still have to eventally deliver that amount of copper at that price sooner or later? And all other production will be unhedged? SO the net effect is - still the same? IN that if prices continue staying lower I'd hope we were hedged for more/longer... or if reverse, then perfect, 6 months to buy us time/weather the mini-downturn and save a few bucks...
do explain if I'm missing something?
HGO Price at posting:
8.6¢ Sentiment: None Disclosure: Held
