Not sure about that...30 Aug 2015 17:09
The way I see it now is that they have their entire output already sold to Korean Zinc, so the Korean plant can now just keep churning out their product. They have already sold what they will make for the near future. O.K. ZInc prices have fallen doe to China output being low, but this will change in the coming months, and either way the plant now has a definite income, which will increase when they add the new equipment. The price was already rising up to 17 before they decided to do the last placing. There are now definitely no more placings to go, so I can't really see why this shouldn't start to drift upwards. Zinc mines are beginning to shut, and quite frankly the Chinese crash isn't really that much to worry about. you have to remember that all those traders have just gone to cash, and they will want to put their cash somewhere when the dust settles...... you sell if you want to but I reckon this could crawl up soon.