That zinc price wants to get through that $1 per lb barrier awefully hard.
Would imagine HER would be in very close discussions with Maccas at the moment on the level of debt/mezzanine financing/equity and the % of hedging.(The daily Maccas commodity report has zinc as their favourite so the house position should only be positive!)
It would be extremely difficult to imagine that this will not get the requisite financing in the next few weeks.
Once announced could expect a further leg up in price coupled with a capital raising at modest to non existent discount .
The small placement pre XMAS looks like a gift. Well done to all takers.
My, how things have changed over the past 18 months!
Cheers,TAS
HER Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
