In one respect Hoof the large unit issue has been a positive in that it insulates Perkoa to a degree from zinc price volatility because we no longer have the large debt that they would have had if they didnt make the issue.Sure we may end up with more dilution but the way zinc is travelling atm id rather have the dilution and have the insulation and minimising of the risk factor in paying back the debt if zinc does pull back strongly in the next couple of years.
Im still very bullish on zinc into the next decade as many forecasts are showing a big deficit but just how zinc demand travels the next couple of years with such high steel demand to come could catch the analysts (that are forecasting a 250Kt surplus in 08/09) on the hop.
d.
In one respect Hoof the large unit issue has been a positive in...
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