the 4 zinc companys i follow have all fallen pem,kzl,and cbh between 30 and 35%
zfx fallen about 15% , from there high sometime on november......
so the fall is across the board.
i think these companies will suprise with there earnings on the upside, anyone notice the price of lead , i think the price ofzinc will behave like lead , cbh is atleast making 10m a month easy....there will be alot of miners afloat with cash as we approach xmas........
and to the doomers of cbh IF THERE IS A PROBLEM WITH THE MINE THAT UPSETS REVENUE ,THE DIRECTORS MUST REPORT IT TO THERE SHAREHOLDERS, just like what they did in october 2005....there drop in sp has been in parallel with pem and kzl, which is tracking the price of zinc.
if you think we have reached the bottom of the zinc price then you buy , if not hold or sell..
the fundamemtals have not changed, global steel demand is pushing new highs.
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the 4 zinc companys i follow have all fallen pem,kzl,and cbh...
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