Yes they previously had tin hedges. Quite common when the company is in debt as mgmt want to lock in future revenues to guarantee debt repayments. But I don't expect anymore hegding going forward (since debt will be paid off) and tin is going ballistic.
@arsenic - At 30 June 2020, they hedged 2,010t of tin at $24,911 (note 4 and 16 of the financials).
By end of Sep 2020, they closed out 1,890t.
Not sure what happened to the balance of 120t. but it's gone.
Yes they previously had tin hedges. Quite common when the...
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