Iron ore price, page-2934

sam i agree and have also said this many months ago, the bankers have no idea on the commodity cycle, I know more than them and so does asxdude, i told all on the fmg forum in oct '15 that the bottom was in for ore. So why would anyone with experience hedge, like you say its forced upon them by the banker who has no idea on the cycle we are going through, we lost $17mil March qtr and who knows how much this June qtr, yes we made $9mil but only one of those months were bad, we could have made 10 or 11 or $12, And once again we are hedged when things increase.

I doubt they will go to the debt markets until the banker on the board of directors gets their feed.

Out of curiosity does MGX or BCI hedge ? the same portions or any at all.