Low expectations It is pathetic how low the expectations are for this company now. $1.36 zinc should be a dream come true, but the company cannot even manage a profit at this level. Back in early 2018, when zinc hit $1.50, the stock was trading at CA$1.50. Now zinc hits $1.50, and the stock trades at a pathetic CA$.21. Investors have become so numb to the failure, that they celebrate zero profit at a price of zinc that should be a dream come true. They celebrate some debt being paid off as the mines deplete and slowly become worthless. Santander used to be the cornerstone of this company before they made the deal with Glencore. Now Santander is pretty much worthless. In mining, you need to make a real profit so you can invest in expanding your resource. Mines wither and die over time.
Here is a puzzle for you. What is wrong with the 5 year charts below?