Zinc Price and TV
TV held very well today considering the big drop in Zinc price. The price of Zinc is still going down, currently under 80 cents. Tomorrow could be interesting.
At the moment my biggest concern is the financing being done for 13 million at .32 cents. This is limiting the share price. If Zinc continues to drop there is no incentive to buy at .40 cents when you know that the company is cash flow negative if Zinc goes back to the low seventies. Also, why buy at 40 cents when you know that 40million shares will be sold at .32 cents. Call me naive, but it does not make sense.