next As I said the stock keeps trading below 0.17 - even with zinc rising lately. Not much volume so no institutional investors buying.
Next news out should - as I mentioned - be the announcement of a permanent CFO. This could be a reason for the stock to permanently jump over 0.17.
As I also said I doubt that this will already bring institutional investors back, but its of course a positive development that will raise confidence and trust in the company.
Apart of that, I guess everyone can calculate how much positive cash flow the company creates in Q 4 with the current zinc price of 1.20 plus lead sales this quarter plus sales of stored zinc also this quarter. @firecracker74, maybe you should give us some detailed numbers. My guess: 35 million including all extra income?
And one should not forget the statement Ricus made at the Q3 conference call: the best thing with the higher zinc price is that it gives Trevali a great amount of time, that it relaxes things exactly at the right time and gives Trevali a great amount of more possibilities. Timing for the now higher zinc prices really couldnt be any better. Trevali can and will now only do things when they are value accreditive for shareholders.
So expect the company to maybe do nothing (besides a permanent CFO) for a few months and concentrating on production and T90 plus paying debt down with the profits, therefore reducing debt with them and sending down total costs even more.
Trevali probably will reduce debt by 50% till the end of H1/2021 with cash flow. Half the debt also means (just a rough calculation) 0,02 USD/lb lower total costs with lower interest payments.
And reduced debt + a repaired balance sheet will bring back institutional investors and send the stock up. So as I said: patience wins the game.
Those who sold at 0.15 last week ...
well: dont look back, think positive, just get in again and enjoy the coming ride :)
last thing: I bough some more shares last week at 0.15.