As someone looking for the best pure plays on zinc, I would like to know how much of their output they produce form start to finish, vs how much they purchase on the secondary market.
Thanks in advance.
i.e I love the fundlementals of zinc and look for it to go to the 1.70- 2 lb range.
riskier assetts up for sale conservative in nature? Because if indeed the tangible book is a very realistic value of financial assets then the $5 plus in annual income- div will raise the tangible book. Thus this sets up a great investment opportunity with bullish call spreads out about 9 months that produce 50% gains as long as stock increased 5 a year.
while their op expense was low, at $9.36 a barrel, their figggin G and A came to 31.6 mill or $14.56 a barrel.
What is with this management. Float conv debt at 13% which is both expensive and dillutive, and then, hey, we will buy back shares while paying 13% interest to do it. Why don't they cut SG expenses by half and use that to buy back shares.