RE:RE:RE:TV up 25% in a week!TV's profitability will never be part of such a decision; that's not how miners look at other companies.
The assets are the focus; if Glencore thinks the zinc downturn will drag out, then a buyout of TV becomes more attractive as time goes by ... even though TV's losses increase (perhaps to the point of all four mines being on C&M). Glencore has more staying power than TV, unless TV can eliminate its debt.
TV isn't without options. It could issue equity to pay off debt, go on C&M, and await the next upturn in zinc.
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investmenthound wrote: valueu1 wrote: strange silence from the company - deeply focused on cost cutting? higher share orders coming in, looks like orders from professional side - who is buying - is Glencore interested to buy at these low levels?
And Gelncore would buy a company that is losing millions by the day. Dont think so, TV is losing money as we speak.