Replies to post #40488 on Value Microcaps Motherboard

[cl001]

EZM, I am not sure when the 25% hedge was done, research probably knows off his head. I am certain that the rest of the hedge, about 10% was done recently at about low 2s. That's not the lender requirement at all, but it is the management mis-judgement. Hey, EZM is my largest position, but we have to be honest to ourselves. Management did make mistakes in those hedges. From the cc, you can hear the management were scare of the copper price collapse in the second half of this year! It may still happen, though.