Based on guidance it would be a little less than 25% but as we now know it will be on lower side it means 21.7% worst case ( assuming no more production changes) or as they stated it will be in the lower half of guidance from memory was 460-520. So upside would be the midpoint.
So about 20.4%
It will not be even distribution across each qtr.
Spot deferred mean you can defer delivery into the hedge. Flat forward means you are committed to deliver inline with planned commitment. ie 25K per qtr.
RRL Price at posting:
$1.73 Sentiment: Buy Disclosure: Held
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