It's all gone quiet over there..., page-4

It's all over but could holders get something back?
Hedging contracts are well in the money and could help pay back a fair chunk of the debt.
Best outcome would be iron ore price plummets into end of Sep (at contract expiry) and then goes back up again so that assets can be sold off.
Company said 2/3 of production hedged for Sep qtr and 1/4 for Dec and March qtrs.
For Sep qtr
2/3 of 250,000 tonnes = 166.67 times 3 months at $40 per tonne profit
= $20million

Then 1/4 of production for December and March qtr at say $30 margin gives another $3.75 million. Who knows what it would ahve cost for the company to put the Dec and March qtr hedges on though, would've been pricey.

Hope there is a good outcome anyway as the assets have got to be worth more than $50-60million.

But maybe not.