Jhamann,
Your earlier post says:
This has been a ridiculous 3 days.
Day 1. Hedge fund panic sale
Day 2. A friggin explosing at a smelter
Day 3. Some drunk QLD'ers left the friggen cyclone warning radio off on ZFX's only source of transportation from the Century mine to the LME.
Unbelievable...
In response the hedge fund panic may hurt zinc price in the short term by increasing supply however this is an unknown at this stage but I believe that it had its biggest impact last Friday night when there was a large over-reaction. We should all remember that the LME inventories are still heading south. The other two incidents shouldn't materially hurt the ZFX SP because they appear to be insignificant in the big scheme of things.
As the old Chinese proverb goes bad things happen in threes and if this is the case all the bad Karma is behind ZFX for the time being and things can only get better, especially with the expected bumper half year report being issued near the end of the month.
I'm still in for the long haul.
ZFX
zinifex limited
