Post by
Finalsay on May 04, 2020 4:03pm
How low could it go?
What could they say or report in the Q1 report/earnings call that could send this stock any lower? Value per share cant be much lower than this even at liquidation values.
Comment by
ZincDink1 on May 04, 2020 5:00pm
Trying to figure this out. Reviewd the annual reports to understand. For some reason, I thought they had only done an asset impairment of 80 M$ when its actually closer to 125 M$. That would be closer to the 300 M$ the plant has typically been valued at. So, if the company is broken up and sold, I think we are worth at least 250 M$
Comment by
Knator on May 05, 2020 5:35pm
Prob the TC. Reading in the news that spot TC is at one year lows. https://business.financialpost.com/pmn/business-pmn/shanghai-zinc-jumps-to-2-month-high-on-supply-tightness-2 https://www.metalbulletin.com/Article/3929818/Latest-news/Zinc-TCs-plunge-below-200-as-Covid-19-supply-disruptions-endure-lead-terms-fall-in-tandem.html