Market could not decideToday, the market could not decide whether Q2 results are good or bad. Very little trading volume and no price movement worth mentioning.
I am, however, sticking with TV. After a disastrous Q1 for RP operations, things are back on track. Caribou did OK. Despite a slow start and hedges, it contributed to the adjusted EBITDA. Santander is likely to be extended into Q1 2022. Feasibility study for RP 2.0 is nearing completion and some capital spending (not previously planned) has already gone into it. There is a positive outlook for zinc prices, at least for the next 6 to 12 months. I believe TV would be able to finance RP 2.0 from internal cash flows. However, the financial institutions may force TV to enter into some debt financing.
Overall things are moving in the right direction. Good days are ahead.