If he's got a concience I hope he's feeling very very sick atm.
But then I bet he sold those freebie options long ago and went running off to Sth Africa.
What an absolute twat.
I still cant believe he didnt lock in the zinc value.
So what.So you have to compromise a little on the then current price.They might have got $1.20-$1.50 when zinc was at its high.At least it would have locked in the value for a year or so and the mine could have been solvent until the zinc price picked up again.
NOOOO.Cocky Flory had to go the whole hog and stay with an unhedged African project.
First lesson learnt by me.Make sure the project has bullet proof revenue.Thats where Ive gone with my next one.A virtually bullet proof revenue.
d.
well well, page-17
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