RE:RE:RE:RE:Might as well look aheadI have a pretty good idea what Glencore will do, considering the way they have operated in the past. They will keep TV on life support, could be loans, could be inside contract help to allow TV to operate a little cheaper to survive.
Glencore does not want or need to own TV they just want to control it. (control the volume of zinc, coming out of it)
This is also part of the reason I do not believe TV will go under....Glencore will do just enough to keep it a float.
Glencore makes a lot of it's profits from controlling the flow of commodities........by trading with the information gained from having control over the flow.
It is sort of like an insider trading scheme....but perfectly legal.
They do not need to own TV to do this.........
They make business deals that give them just enough leverage over a company to get maxiumum benefit (control) ......with the least amount of risk.
I don't think TV will ever really make any money again, but I don't think they will go under either.
Of course invester hopes and fears will drive the share price up and down at certain times.
I think the longs will be able to exit this investment sometime in future between .50 and a dollar. (when this might happen depends on many things, a base metals demand recovery being the most important one)
But the rise will come from speculation and hope.........not from TV actually becoming a consistent profit earning company that is independant from Glencores influence.