SRA puts $36-million zinc hedge in place
Nov 21, 2007 | 09:27 AM
| Meghann McDonell
Strategic Resource Acquisition Corp. has completed a hedge option to sell 13,608 tonnes of zinc at a premium to the metal's current price on the London Metal Exchange, the company said Wednesday.
The option was set a $2,645 a tonne ($1.20 per pound), a 19-percent premium over the metal's three-month final kerb on the LME Wednesday of $2,220 per tonne.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here