Have had a look at the quarterly activity report as well as the quarterly financial report and most importantly for holders the following statement
“ Revenue from the sale of Zinc and Lead Concentrates to Grupo Mexico under the Tolling and Offtake Agreement, and cash on hand at the end of the quarter are forecast to provide sufficient funding of the forecast cash outflows during the March 2019 quarter.”
This ultimately means no cap raise IMO and a strong monthly production report next week should finally see a re-rate of this undervalued asset. Patience is the key here...
Zinc on the rise Dollar remains in exporters favour Decrease in costs Increase in production Zinc stocks still low
GLTAH cheers Rb
CZL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held