Next leg down to to 0.30-0.40 range coming. Class action tooIf Trevali survives which looks pretty unlikely there will be massive dilution incoming for Rosh Pino 2.0.
We will see the share count balloon to between 300-400 million shares.
One more reverse split is needed to get rid of the old retail shareholders.
Don't forget who owns this company, Glencore and Trevali is basically a private company.
Investing in anything related to Glencore is financial suicide.
If Trevali was an independant / public company they would have hedged during the recent run in zinc.
Shareholders should sue Ricus for failing to do what's best for shareholders and not Glencore who obviously doens't to pay more for their zinc. It's his fiduciary duty and he ignore the most obvious hedge of a lifetime.
Class action needs to be started here ASAP and collusion between Ricus and Glencore needs to be investigated and brought to light in order for this corruption to be made public.
See you in the 0.30's