RE:RE:Hedging losses in Q4 will be badDo you guys really not understand how hedges work? The hedge is an investment that must be marked to market at the end of the quarter. It is like shorting a stock. If you short a stock, and the stock price goes up, you lose money. It does not matter that the company will eventually produce the zinc that was "shorted" in the hedge.
I am sorry if I offend the weak minded with my brilliance. This is all pretty basic stuff. Too bad Firecracker is not around. He is a better numbers guy than I am.