RE:RE:RE:Glencoremiles 44 and MoneyMan123456, let's cool it down a bit.
What Glencore will do or not do is beyond our control. Let us concentrate on facts and the logical actions that the management should take in light of the facts:
- At current zinc price, TV is a cash cow.
- TV management has no reason to dilute the company further for RP2.0.
- Internal cash generation will be sufficient to finance the project if zinc remains at or above current price till June 2022.
- If management suspects that zinc price has reached a peak for the forseeable future, they should enter into forward swap @ 1.29 or thereabouts for still unswapped 2021 production and 2022 H1 production to ensure that they don't have to go for further dilution.
If management assures the market that they will not be going for a further dilution to implement RP2.0, market will re-evaluate the stock to around $0.40 in short-term. Glencore may still make an unsolicited bid for the company. However, in that case, Glencare bid will have to be much higher.