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Teal Valley T.TV


Primary Symbol: P.TEAL

Teal is a Canadian, pharmaceutical & NHP manufacturer selling to Canada’s national, chain drug stores, presently expanding its portfolio to include cannabinoid-based products utilizing proprietary formulations & extractions for both the global Rx & recreational markets.


P.TEAL - Post by User

Comment by AlfTanneron Sep 08, 2020 5:48pm
194 Views
Post# 31524274

RE:RE:Zinc down to $1.09

RE:RE:Zinc down to $1.09kramaswamy, if spot zinc trades at $1.15, then the futures are going to trade very close to that level and usually a little higher.  Trevali is not a very big producer, and they should have no trouble hedging 50% of 6 months production.  All they would be doing is shorting 150M pounds of zinc over 6 months, or 25M pounds per month.  The average zinc trading volume on LME is 5.5B pounds per day.  I think the market could handle a short of 150M pounds.  That would be 3% of the trading volume.
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