Er6n and legume
Are you basing those discounts on the latest half yearly? Or something else. Didn't AGO announce last year that 60% of forward sales were contracted at "materially lower discounts"?
Also the Lower IO price and slightly higher A$ have only been recent so much of the current quarter for example will have been sold at better margin won't they? Perhaps you guys are extrapolating forward to NPAT a little prematurely?
Having said that I did reduce my exposure tomAGO last week.
H
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