Iron ore price, page-2944

Go back and read the March 2017 quarterly and the June 207 quarterly!!!!!

They only hedge 1 million tonnes...

March 2017 quarter was at approx 94AUD rest of IO was a 62% minus discount.

June 2017 quarter I think was 1 million at 70aud per tonne.....the rest applies as above...

They hedge 30% of IO shipped to cover costs this is smart!! Or to limit losses!

December 2016 quarter AGO made shitloads....

$55 is the average price they got for all sales with this strategy, they don't hedge 100% at this price!!!

This quarter we are well on our way to making a fair wack again and next quarter if the trend continues will be better......

A lot of you need to read the quarterlies it's all there...

We made 9 million in a bad quarter. This result was outstanding!!!

We have had a lot of great contributions to this forum over the last 6 months in a down market.....

Just because you guys wants the MD to produce a 6 legged dog doesn't mean he can just pull it out of his @$$....

Time and IO price tells the story....

Yes I am frustrated hahaha