It has ties to the zinc market, which has been under severe pressure from tax loss selling. HBM-T would be a better replacement if you want to be here.
Gold is out of favour. Penny stocks don't respond well to tech analysis. If you believe in the story, it's 30 cents a share, go ahead and do it. Wait and see, if gold were to pop, the small ones would go as well. But he doesn't see any short-term upside.
It has really been crushed since the big financing on the stock. Now is probably the time to buy it. They had a lot of operational problems in their mine, but they have turned over the management team yet the stock continues to go down. He started to buy at $0.45. He would hold on. Don't sell.
His single most disappointing holding as a zinc miner. They have great assets -- they are the largest non-senior zinc producer. This is a wait and see turnaround opportunity, so he would look for something else.
They missed 7 out of 8 quarters. Their balance sheet is good and cash flow is good. Their debt is not too high. It might have been a takeover target except for the Glen Core piece.
A company who specializes in zinc mining. Earnings estimates for 2020 expect losses and break even in 2021. You might be better off taking a tax loss and look for better opportunities.
The biggest independent zinc producer has had its ups and downs. The new CEO has to navigate 2020, which was tough. Zinc prices have jumped to US$1.25/lb. TV's cost structure is based on $1.10-1.15. TV trades at a deep discount. Zinc doesn't capture the imagination like copper or nickel, though. Zinc prices have benefited from the rebounded in car production and other industrial activity. He has owned this in the past. A good company for pure zinc exposure.
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