Just re reading my post, I should have said we are still fully exposed to upward price pressures for the unhedged portion of their production, as clearly the hedged portion is locked in.
Cheers
Boomer
steady state, page-9
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| No. | Vol. | Price($) |
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| 1 | 30000 | 37.0¢ |
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| 37.5¢ | 1723 | 1 |
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