RE:The elephant in the roomWell Happy New Year to you Krams.
I could be wrong but I think at $1.10 TV is cash flow positive. For some reason a number in the .80s comes to mind and not $1.10.
kramaswamy wrote: At the end of the day, what Trevali does is pretty much irrelevant.
The only thing that matters is zinc spot price. And spot price just dipped under $1.15 again.
Is this a sign that spot is going to test it's recent lows around $1.05? Nobody really knows. The market, for now, seems to be waiting to see what happens next.
Remember that at prices around $1.10, Trevali net cash-flow negative. Couple that with the buybacks, and things start looking a lot more grim.