GREY:MLKKF - Post by User
Comment by
howdy1on Apr 16, 2013 3:29pm
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Post# 21260087
RE: Rescue
RE: Rescue You're darn right. Iberian Minerals did just such a thing. They had much of their forward production hedged and the last time metals tanked, they monetized the hedges, realized a massive gain and paid off the entire CAPEX of the mine in Spain with the proceeds. A brilliant move and they maintained their entire reserves.
Then, just as IZN was about to become profitable, Trafigura bought (stole) the company.