RE:Thoughts on PSE?All the points you have are valid points to evaluate zinc producers.
I don't know anything about PSE and/or its management. Based on a look at it I have a couple of concerns if I were to consider it:
1) The share price tripple in the last 30 days
2) The company operates in Turkey
3) based on an interview with the CEO it seems that the company sells the ore without processing it. I could be wrong on this one but if it is true then the company is not making as much money as it should
4) the tpd = 160 seems very small
In addition to these two points I would consider:
- quality of management
- their financial position and how much they need to invest in the near future
- profitability at a certain level of zinc prices
- is the picture painted by management too 'rosy'
- are there better companies where I will make the same profit with a lower risk
BloodPolska wrote: Was looking through some listing and PSE stuck out to me. I don't see much activity on that board for it, but it looks like it could a gem in disguise for now.
Has anyone taken a look at it and considered it?
Zinc prices going up
Zinc mines around the world are closing down
Stockpile is getting lower
and they are making sales.
They just finished their third shaft to double mine output....
Other then being in turkey, i don't see any other red flags for this .