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25/08/20
12:58
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Originally posted by Sweetsound:
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Had zinc prices held at around US$1.30-1.40/lb and with lower TC's there wouldn't have been a need for a CR and bank balance would look a lot better. As it is, it is what it is. Management can't control things outside of their control beyond possible hedgings. It is management's responsibility to list known risks and potential risks which in that document they have done so. I'm sure that most of us have or will have to take certain tablets for certain diseases - before you do make sure you read all the negative side effects one may encounter - perhaps one will then stop taking them but then what happens to you?? Risks abound everywhere. At current pricing I suspect many holders are in red, but there hasn't been a stampede for the exit - as you don't hold you may have held previously and headed for the exit previously. Rightly or wrongly holders wait for better days - they may or may not eventuate - each to their own. Meanwhile company takes things one day at a time whilst we wait for further news on how they're improving plant performance and on Goro outcome. If all else fails the medicine cabinet is stocked with some chill pills and painkillers.
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Only yesterday I mentioned that there is no stampede to the exit - what a difference a day makes - someone wanted to challenge my view and decided to exit. One would think they would have waited for the quarterly first but then again, they walked away with over $5mill.