RE:RE:RE:This feels like a buying opportunity.I imagine that holding a large finished goods inventory of refined metal would run up storage, security, and insurance costs, especially in a remote location where law enforcement might take some time to respond to an incident.
You would have to balance these costs against the risk that your forecast of future prices being higher is wrong. Whatever the manipulation in the markets, there's no guarantee that prices will soar in any relevant timeline.
As an investor in SCZ, I agree with management's strategy, which I would summarize as:
1. Generate as much operating cash as possible.
2. Invest most of that in PPE - expand plant capacity
3. Invest the rest in additional drilling to plan the future stopes.
4. Clean up the balance sheet (see #1)