Only prob w debt for concentrate deals is that the smelters involved generally require 100% offtakes. I suspect that the approach of 3 offtake partners is good in terms of negotiating favourable (?) offtake arrangements (playing one off against the other) however it will make a debt for offtake arrangement very difficult.
I believe that this will be debt funded via the banks ... which will present it's own set of issues / benefits.
Yes, safe to say that MF's philosophy of not hedging (as he preached at the AGM) is a foolhardy way to play the game. He was punting on a high zinc price and clearly miscalculated.
perkoa update annmnt, page-21
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AIM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
75.0¢ |
Change
-0.045(5.66%) |
Mkt cap ! $156.6M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.0¢ | 75.0¢ | $113.4K | 144.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1896 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 46310 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| AIM (ASX) Chart |