Al,
From my understanding, OZL does not hedge the Copper price and does not have a fixed price for copper.
The Sept qtly report indicated on page 4 that "Copper prices averaged US$2.65/lb for the qtr, up 25% on the previous qtr."
When words like "averaged" and "up 25% on the previous qtr" are used, the implication is that the Copper price is definatetly NOT fixed.
HT1
Al,From my understanding, OZL does not hedge the Copper price...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)