RE:Zinc down to $1.06 this morning.AlfTanner wrote
Some hedging at $1.15 sure would have been nice. Anything over $1.00, and the company will probably be okay until treatment costs are renegotiated. As firecracker's detailed analysis of Q3 showed, Q3 should be decent.
To me, hedging half of the production at $1.15 was a no brainer. But our bone headed management was probably holding out for $1.20.
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So the resident fool who is all mad that TV has hedged at $1.23 only a couple months ago was calling for hedging at $1.15
If they had listened to him how many millions would they have lost as zinc is selling higher than that now?
Oh yes thats right the resident fool only wanted them to hedge for the first quarter of next year as he knows that zinc prices will be better after that. Except in his previous posts he was not so sure where zinc prices were headed but now that zinc has been going upward for awhile he knows it will keep going up. That is until it doesnt fool.
Of course we also have to remember that when zinc hits $1.50 TV will then shut down all their mines.
And this joker calls other people names.
And this idiot calls other people names.