GREY:EMYSF - Post by User
Post by
Gulo19on May 10, 2006 10:17pm
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Post# 10830321
SurfForWealth
SurfForWealthThanks dude, good to have some like minded company here ...LOL! This Cramer thing will be interesting.
Yah, I would bet EZM's bankers made them hedge, that is typical treatment for "hat-in-hand" juniors. As you state, and it correlates with what I think is the fact, the Zn production is not forward hedged. As how could they hedge it when they really are not 100% sure when and how much will be produced (short-term anyway), as anything could happen to delay start-up. As long as the Zn prod meets the schedule, EZM sp will be OK.
It's easy for us to cr@p on management for the Cu hedge price, but who ever thought Cu would be approaching $4/lb?????