Iron ore price, page-504

I was under the impression that when this topic was brought up previously that is was confirmed that 1.5 mt or 35% of March quarterly production was hedged .... I get it that this comment doesn't give you a margin / price, however at least we can anticipate that AGO is receiving current spot prices for its Fe% for the remainder of their quarterly production ?

Personally I think it is smart to hedge some - say 25-35 % (again as long as it is at a good average price and not giving it away) just as a buffer, however if they are hedging June quarter I would hope they are doing it well above previous $ figures - just sayin'?

They would also be renegotiating transport costs / royalties at present .... so this announcement should be one that is also beneficial to AGO re: reducing costs

Good luck today to all ... should be a busy IO / Miners stocks day !!