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Status of existing oil contract hedges

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  1. BSMeter
    45 Posts.
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    18/05/18
    19:42
    Post #: 33200893
    Does anyone know definitively if the realized loss of 4 million on oil contract hedges as disclosed in the quarterly cashflow report was the unwinding of these contracts or not. Normally you would not realize the loss unless the contracts were actually completed. Would have a significant impact on cash flow for the next 120 days or so if the contracts were actually unwound in FYq3.
    ELK Price at posting: 7.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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