How much has bone headed management cost you? First bone headed management printed 243M shares and warrants to dilute investors by 30%. This dilution served no purpose and was totally unnecessary. Then they entered into an unnecessary hedge for 59.5 Mlbs of zinc @ $1.23 which is already showing a loss of $.06 per pound or $3.6M.
My guess is that the 30% dilution cost shareholders 30%, and the unnecessary hedge cost another 10%. Without the bone headed management decisions, the stock could be trading at CA$.28 instead of the current CA$.20. Other base metal mining stocks are flying up as the metals rally. Trevali is stuck in the mud thanks to bone headed management.