While hedging , current BOD should remember the lessons of century zinc previous owner Pasminco.Zinc price is controlled by two major players Glencore and chinese.Many investors were burnt badly by investing in Pasminco.I for one lost allmost all my capital due to Pasminco collapse due to poor hedging policis.
Hedging is needed but should be designed by real financial wizards.
While hedging , current BOD should remember the lessons of...
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