RE:Zinc is up again! Lets compare old tv to new tv
Mikey, I didn't intend to reveal this yet but you have forced my hand.....Glencore built the pyramids, even in 2500 bc they controlled the commodties market.
As for orbits....TV orbits Glenvcore...the orbit is high now.
If TV does a bunch of perpetual offtake agreements with GC....the orbit will change to low orbit ..(very near the surface of planet GC)
If Zinc stays high...we should be able to get the SP tp 3.00+ ...regards less of the disappointments and unmet expectations from TV.
Demand for Steel and zinc should be good....but so much crapp has happened in the last 2 years I am not going to put all my chips on that......Ukraine situation is tragic...I expect it to remain tragic for years.
Bottom line ...
Now is not the time to sell...Longs should be able to exit at some point in the next 6 quarters at minimum double current share price. I think announcing some form of financing could have a positive effect as long it is not dilutive.
Patience is required
We are going to get sucked into Glencores black hole at some point...the question is how deep.
I plan to kick the engine into full reverse just before we pass the event horizon.
Good luck to all
don't forget your space sickness pills....your going to need them.