Why stock isn't moving = Trevali is pricing massive dilutionStock should be trading in the 0.40 range right now which means the market is priving in 30% dilution for RP 2.0. IF they don't dilute the stock will rocket to 0.40 almost overnight.
But Trevali might be forced in to a corner here where it's a Win / Lose situation
Banks will force them into hedging all of 2022/2023 at $1.50 zinc in order to get funding but if inflation continues which is will and the price of zinc rockets to $2.00+ this stock will be a terrible investment with massive upside potential lost.
I'm will to bet that Glencore and banks have forced them into a corner with a $1.50 hedge until 2023
If the price of zinc goes down, Glencore will suffer but if zinc goes UP Glencore will be hailed as geniuses.
It's too bad Glencore and the banks own Trevali.