re: agm annmnt...d.. I can't see any bank just allowing AIM to have 100% unhedged production in return for debt financing. Certainly none of the banks I know would be keen to take that sort of risk on.
Agree with Wilf ... a 70% hedge 30% unhedged spit would be ideal. If the hedge is as per MF's comments (according to Hardmano) and not likely to be a significant discount to the current zinc price then I'd probably be pretty happy with a 5 year hedge on 70% of production. Guaranteed cashflows and early repayment of the debt.
re: agm annmnt...d.., page-5
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