RE:A brief look at the 2020 sales
I don't see this statement in the conference call transcript: (Bulk prices of the long term contracts to be negotiated based on the spot prices at the time of negotiation) A more reasonable way to do these contracts is a collar with minimal low and maximum high to protect the buyer and the seller. Yes, they have 90% commitments, but not necessarily on a fixed price, but a formula for calculating the sale price. What do others think?