DML currently has a portion of copper hedged until December.
In short they are still getting good money for what they are producing.
BUT they are still bleeding money.
What happens when this hedge runs out in December?
If spot prices remain the same DML will bleed even more.
What I want to see is a management plan on how they intend to turn things around. This is fundamental on DML surviving and I still not have seen one.
Add to My Watchlist
What is My Watchlist?