news and todays stock priceNews to consider:
https://www.reuters.com/article/us-china-economy-plenum-explainer/explainer-what-to-watch-at-the-fifth-plenum-of-chinas-communist-party-idUSKBN27C0L5
https://www.reuters.com/article/us-china-copper-stockpiles-graphic-idUSKBN2761B5
"Markets will closely look for signs of plans to boost strategic reserves across commodities and energy to ensure self-sufficiency"
China might officially be deciding about stockpiling raw materials like copper. One of the reasons we see zinc trading above 1.14 is speculation in China on zinc (copper, nicke etc). Right now, China is buying copper and nickel on world markets which explains why these two metals have surpassed their highs in 2020 already. China is not stockpiling zinc right now. This might happen soon - or not. Lets see. Just wanted to give you the links as I received an email from someone also invested in Trevali today about it.
Commenting on today:
well, we can see two things:
1. today s is another day with spot zinc at 0.145 and I guess we all agree that Trevali makes profits at these prices. We ll get an average zinc spot price of around 1.10 for October, which means TV finished the month with a profit. At least if assumptions on production, AISC and total costs are valid, which I assume is true.
2. Nevertheless we see the stock down 1 cent at 0.125. Why? General market sentiment. I do agree that with people being "infected" not so much by corona, but by negativity we might see the stock price even fill the gap at 0.115. We re dealing with low volumes so it just need someone to sell around 500.000 stocks and we ll be there. Will it be sustainable? Well, next week we ll see: US elections and TV numbers. And it just needs someone to buy 1-2 M of stocks to get it up substantially as well. So.... lets see :)