RE:May is the month of reckoning!!!@Galvaniser you re right and not right with many things you say.
Example: many people think that issuing the warrants additional to the stocks last year was a bad idea. But we dont know the insides. If - just imagine - Glencore was open to raising capital only with these warrants... well what choice would the company have had...
Example: communication. Its true that management could have informed shareholders much better in the past... but: you remember Brendan being responsible for IR and finance for several months, no need to state that the role as a CFO is in general much more important and we all know TV was fighting for survival last year, so I personally think, they did a great job concentrating on saving the company. NOW they have Ute as the head of IR and therefore communication with shareholders will improve. She s relatively new on the job, so give her a fair chance.
As for the rest, I personally think that ALL (!) negative aspects of the past have absolutely been priced in. And many many positive aspects are NOT priced in at all. First of all thats the zinc price plus the lower TC. If you compare with many other companies in the base metals sector, these companies have more or less followed the price curve of the underlying commodity. TV has not and is still priced way too low.
Double price: what you do is a good analysis of the value of the company, but what I guess you do not factor in is the market greed we re starting to see for copper, timber and steel producers already and which will affect most other commodities and first of all also zinc as it is mainly used in steel. Markets live with exaggerations to the downside as well as to the upside. Trevali is a stock with low volume and once funds start getting interested (after the numbers are out) and buy in big time here... guess what the share price will do: it ll shoot up as it did in 2016.
In 2016 the share price went up 400% in just 5 monts..and if you d have done your good analysis in spring 2016 you would probably also have analysed the then current value correctly and not have imagined the stock to quatruple - but it did. Was it exaggerated at that time? Maybe... but hey: its a cyclical market with zinc going the way copper goes and its a junior miner - so you shouldnt expect a "cool" or "slow and steady" market reaction .. in the last months there were no big investment, no fund coming in. After the numbers are out next week this might change and it only needs one fund to invest lets say 10 or 20 M USD here to change everything...this stock is up for some nice moves - and as far as I can see I got it right re-entering this morning at 0.23 so far ;)
Last thing: one person asked why I d be back "at these high prices". First: I got out after the last numbers = 3 months ago. There were many better opportunities in the market, which I used and made some nice profits while TV stayed the same. Second: I re-entered for exactly the price I sold this 3 monhts ago: so all cool with me. Third: 0.23 was and is not a "high price", but a bargain.
My view: this stock goes to 0.50 by June. Once the market realizes the huge potential of RP2 and sees profits flowing in after Q2 results this can easily fly to 1 CAD.