LME Zinc Spot Price LMZSDY
This stock I have had my eye on because I actually like the way this company is run and the fundamentals of how they operate, but this chart and the zinc chart is basically as close as you can get to an exact coefficient.
If shareholders bought a parcel of this company's stock when zinc was near decade highs and are now disappointed with the company when the zinc price has come off, I'm not sure what to say.
At this stage in the company's life, you are buying shares in a highly levered zinc index. Much like you would a small gold producer in africa that relies highly on current gold spot prices to make a profit.
Been watching the chart and the volumes today and the past week or so. In my opinion we aren't that far away from a bottom. Definitely on the top of the watchlist atm.
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