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clock Created with Sketch. 10/05/21
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Originally posted by 105:
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I’ve only been here six months but my understanding is they overhyped the potential from the beginning, heavy promotion, over promising, much lower than expected recoveries, leading into lower zinc pricing and high TC’s that seem to go hand in hand. This created a dark cloud over the share and clearly not liked by the market. It’s unloved status attracted me. Finally we’re getting traction and all recent news flow has been largely positive. Most importantly zinc prices are rising and TC’s, that represent a large portion of costs, have collapsed. There is now some positive sentiment and management seem to have made a conscious decision to let the numbers do the talking.
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The stars are aligning. I don't see GS entering without catalysts like lowering TC's and increasing zinc prices with debt being paid down at 15c a share. The margins are going to continue widening.
