TAP 0.00% 7.8¢ tap oil limited

Hi excuse my ignorance please but can someone explain why Tap...

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  1. 83 Posts.
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    Hi excuse my ignorance please but can someone explain why Tap keep on hedging their production, September and November are at $58.40 and August is less. It seems to me that if they had simply sold at the current market price over the last 12 months we would be well ahead.
    Other than that it is great to see some profitability after a long wait.
 
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