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Teal Valley T.TV


Primary Symbol: P.TEAL

Teal is a Canadian, pharmaceutical & NHP manufacturer selling to Canada’s national, chain drug stores, presently expanding its portfolio to include cannabinoid-based products utilizing proprietary formulations & extractions for both the global Rx & recreational markets.


P.TEAL - Post by User

Comment by AlfTanneron Apr 20, 2021 10:01am
169 Views
Post# 33028331

RE:RE:Glencore is burying TV.

RE:RE:Glencore is burying TV.
CG2021, if Trevali had not bought the 2 mines from Glencore, they would have suffered the same fate as Blue Note Mining.  Caribou is a company killer.  The only way Caribou should ever operate is if its production is hedged for years.  That is what Trevali has done, which was the right move, but I think they should have waited for a higher price.  At least Caribou should be able to eek out a profit with the new treatment costs.
 
After Trevali management bought the 2 mines from Glencore, the zinc market was looking strong, and the stock price was flying.  They were full of hubris.  That was the exact time they should have started a hedging program.  They had no idea that the price of zinc could actually drop.
 

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