My mother used to say "You look as if you've been dragged through a hedge backwards" ... referring to uncombed hair etc ...
I wonder if Atlas Iron is feeling the same way
The miner did a lot of things right, cutting its operating costs another 9% in the March quarter ... BUT ... while forward sales and hedging helped it beat falling prices in January and February ...
- The company said it missed out on part of the benefits from the strong rally in iron ore prices that began in March
Yep. To hedge or not to hedge, that is the question.
The 100% foolproof answer is to use hindsight ... that's always perfect. Without that, though, dealing with real-time developments ... much tougher.
Ryan posted on it a while back, raising some great questions & comments: Does hedging show a lack of confidence in your strategy?
6 months in Iron Ore ... surgey