RE:RE:RE:Tracking zinc!chaney wrote: MetalRocker wrote: We're in for an even better quarter as zinc tops $3400/mt during the first half of 2018. At this point, some long-term members of this forum may revel in their unrealized gains but in my opinion the stock is still undervalued. Though my average cost is under $1.10C I'm buying more today.
For the past quarter, production numbers will be strong; profits will be outstanding (a new company record for EPS); debt is manageable, and the forecast will be exceptional. The only negative may be increased production from competitors given the soaring price of refined product. Rest assured that it takes many months and significant costs to bring mothballed production online, so I believe we have smooth sailing for the first half of 2018.
MetalRocker, probably the longest of all members here I have no intentions of selling. Endured all the pain over those brutal years as I purchased more shares at lower prices it's time to be rewarded not cut and run.
Payday time.is about tp arrive .... i can feel it in the air. Zinc, while upward trending, is overdue for BIG jump and couple of those red letter days. I know i prematurely called 1.65 by first week of december, but its coming for sure by EOM. I think 1.75 by end.of Feb. So i'm 6-8 wweks late ... not bad. The analyst models are using.zinc pricing that is markedly low and consevative ... so these next two prod guidance and quarterly reports are going to surprise thw market to the upside. So i agree we are going to see: - Tv currently undervalued by .10 -.15 based on current Zn.price alone which will b gained with prod report run up or somewhere in calendar Q1 ( 7-8% gain ). - 10% bump.next week from prod report. Another .15. - 12-15% bump on additional Zn price gains to 1.75 by end of Q1. Another .20 - 10% bump.again on Q4 report and EPS over street estimate. Another .15 That's a call for TV to be + .60-.65 ($2 15-2.2 ) by end of Q1. Nevermind Q2 .... which I feel is looking every bit as rosy. You can feel it priming with the cancelled warrants despite the premium. The inventory drawdown rate is going ro accelerate again any day now too unless ... the elevated prices are really starting bring the zinc recycle / scrappers to the table. Which is a possible dynamic rhat could b going on that we are not hearing aboit yet.