The Zinc price continues to power ahead I continually are sent news clips leading to a possible much higher Zinc price. I think Management need a board Meeting to analyse our hedging policy. We don't want to hedge too much Zinc at a lower price as we did with Gold if it continues rising. AMI is in a fantastic cash position and why limit higher profits when not needed. To keep Management on the ball is easy by doing this. Every conference call Martin Cummings should expect to be asked the exact figure that our hedging has cost shareholders loss or gain. Currently 12 mill down just on Gold. Also as a long-term AMI shareholder I think every performance right or bonus issue for all Management should be heavily waited against loses they have made on hedging, not just the share price rising. This new Management only mistake is its Gold hedge which they have never got right and have made us miss out on around 12 mill so far. CHEERS
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)