Back in - zinc optionTrevali is essentially trading like a zinc option with the Zn price acting like the share price and AISC acting as the strike price. Like any good option it could expire worthless if the Zn price reverses and the sword of damacles hanging over their neck (their deleveraging study) kicks in. That said if Zn continues to rise it takes some of the pressure off them to do something and should get them some breathing room. I think the upside is slightly limited compared to their historical data due to the fact they have a mine closed - so less revenue, less earnings potential.
I'm back in, this will be my third attempt to make money on this stock, hopefully its a charm.