Reply from IR at TV when i asked for any news!They didnt answer my main question of why the board is enriching themselves while the stock trades at 4 cents (preconsol) basically a non answer to all questions. Here is the reply for what its worth;
As a public company, we are compelled to disclose material information as soon as possible to the markets. I fully understand that this regulatory timeline, and the quarterly results timing for disclosure, does not always jibe with the needs as a fellow investor.
We will have updates on these topics in the next few weeks either prior to or included in the Q2 filings. Note that our Q2 filings will be out on August 8:
https://trevali.com/news/trevali-to-release-second-quarter-results-on-augus-4430/ The Perkoa flooding incident and the financing package have been a primary focus of the management team, as well as the early works program for the expansion at Rosh Pinah and getting Caribou into a better position operationally.
My personal experience of being a holder after a share consolidation is that they usually result in a big turnover of shareholders and a change the trading pattern of the stock. This usually takes about six months to sort out. Unfortunately, for TV the combination of the Perkoa flooding event and the commodity prices tanking has made that even more difficult to track and settle into something predictable. TV continues to react to the zinc price, which is positive as a pure play on the metal (or lately, negative).
Regards,
J.