ZFX zinifex limited

zinc ship wudma unconfimed sunk, page-19

  1. 483 Posts.
    I may sound a bit ridiculous but this could be a "good" thing for ZFX. It wont affect the zinc production, it will just mean that ZFX may have to stockpile Zinc for awhile. I beleive Zinc price has probably hit bottom so it may stop down ZFX supplying zinc to the LME when zinc prices are llw, and by the time they start delivering their stock piles, zinc prices may have gone up substantially. Red Dog hopefully will have sold most of their stockpiles in the next month to two as well, plus this possible decrease in supply to LME may also force the price up while ZFX can't deliver.
    Would prefer it wouldn't have happened, however, share price indicating people not too stressed about it ATM
 
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