Teal Valley T.TV

RE:RE:Who is the Captain on this Trevali Ship?

[Galvanizer]

Hey Redfoxy: 

Just blowing off some steam! 

This has been my worst investment in over thirty-seven years (have had some bad investmens that took many more years than expected to realize a positve gain / payback (but none of my investments over the last twenty-five years have lost money (however, I did have some small losses way back in the earaly days!))!
 
This is incompetent management (selfserving with questionable business practices / ethics).  I noted that there were very few institutional investors with any significant positions (Trevali rarely published this information but from an earlier corporate presentation (within the last two years or so) it showed only about 9% shares were held by funds etc.).  Glencore maintained its 26.3% ownership interest since 2017 and even provided additional funding recently - their US$ 219.2 M share investment is worth next to nothing - this is truly a headscratcher - what was Glencore thinking over the past five or so years???  If Glencore can get it wrong then do not be so hard on yourself (a sliver lining or glass half-full approach - ha ha ha).
 
With unrealistic production and cost guidance (with promises of a better quarter next quarter); ROL fiasco; potential copper play (reallly?); close and then restart Caribou (costing tens of millions of $$$); irresponsible share buybacks; paying down the credit facility and then finding the company short of cash and having to renegotiate the facility with more costly terms; generous stock options and compensation; the list goes on and on but it leads one to question management's intent and integrity!
 
In my August 18, 2021 post I suggested that Trevali sell RP and Gegarub... ha ha ha 
 
I did get a response from Trevali regarding the financials (using this weblink Trevali Mining Corporation | Contact Us )

It stated that "The Company has 45 days following the end of quarter this week to file its unaudited quarterly results for the third quarter. If the company does not plan to do this, it will be announced by media release and/or a posting made to the Monitor’s website at https://cfcanada.fticonsulting.com/trevali/.
 
It is too early to say regarding annual audited financials and MDA."

So in essence... a non-response with no commitment to publish any financial information.

It has been painful.  The discusion board has been informative and entertaining but I think I am totally done with Trevali - I just hope karma bites in them hard... the rats are leaving the ship as fast as possible!