RE:RE:RE:RE:RE:SP tradinggreendayyyy wrote: Ordinary day for SCZ today. I think the next results will be negative. With the drop in the price of zinc, lead and the rise in raw materials, this could affect the results. On the positive side production should show a clear improvement. The biggest problem is the high production cost. It is absolutely necessary to go below 20$ in the next months. I am positive that SCZ will reach $1 in 2023 but there is still a lot of work to do.
You may well be right...zinc, lead and silver too are all trending down. However the share price is nearing all-time highs which is not the behaviour most precious metals/zinc producers are exhibiting these days.
I think the market really likes the acquisitions from Glencore. I know i do and i was highly skeptical at the time as i had owned Trevali when it got absolutely creamed after acquiring two African mines from Glencore...but that was a different deal in a different time.
And this share price reflects in no way the coming precious metals bull market which brought me to SCZ in the first place and which i still believe is coming. Just don't ask me when. My crystal ball is real cloudy.
Cheers.