RE:RE:RE:Trevali extremely undervalued with zinc futures at $1.165Hi Stairs, well I saw that sales again come from that Goldman Sachs account and that indicates that it should be Dimensional Fund Advisors LP once again selling stocks. As I posted a few days ago: intelligent money = the former short sellers is re-buying stocks now and dumb money = investment funds is still selling the stock due to the going concern warning in Q2.
To quote wiki: https://en.wikipedia.org/wiki/Going_concern
"If a public or private company reports that its auditors have doubts about its ability to continue as a going concern, investors may take that as a sign of increased risk, although an emphasis of matter paragraph in an audit report does not necessarily indicate that a company is on the verge of insolvency.[12] Despite this, some fund managers may be required to sell the stock to maintain an appropriate level of risk in their portfolios." So if one ever wondered why the stock hasnt shot up to 0.40 directly after Trevali announcing that the liquidity situation was safe, the main reason was and is funds like CI Investments Inc and Dimensional Funds continuously selling stocks after the Q2 going concern warning. CI seems to have stopped selling lately, but Dimensional apparently slowly sells the last 1% they still got = 8 M shares.
Doesnt change the now better fundamentals of the company or the zinc price at all of course. And doesnt change the numbers coming out wednesday next week.
With a little luck we ll see an average of 1.10 USD spot price in October = another profitable month.
So lets just be patient and wait for the numbers next week.
Have a good start in the week, all of you and dont let persons with a negative thinking "infect" you :)