Dark days, Andrew watching zinc reach for $1.10 with IBG around 15c and recall an analyst from Macquarie suggesting zinc had ran too hard in relation to underlying fundamentals. As my mate, who gratefully rode my tip from 5c, sold, I thought.. "she's just one voice among many, nah ride baby ride". Then a few more joined the chorus and I watched in disbelief as zinc slowly crumbled, a little recovery at one point, then down to 68c not that long ago.
Is this the real deal? Other than the depletions and supply cuts, the canary in the mine giving me a lot more confidence these days is the declining treatment changes in China. This is a very strong symptom of the supply deficit, as we never get a good grasp of the inventories situation, even though they have been declining for years.
The planets are much better aligned now methinks, and yes, savour the ride![]()
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Mkt cap ! $6.375M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 21933614 | 0.3¢ |
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Price($) | Vol. | No. |
---|---|---|
0.4¢ | 16705724 | 5 |
View Market Depth
No. | Vol. | Price($) |
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16 | 21933614 | 0.003 |
20 | 14455034 | 0.002 |
8 | 12799980 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 16705724 | 5 |
0.005 | 4319658 | 11 |
0.006 | 4860777 | 2 |
0.007 | 1101257 | 5 |
0.008 | 606448 | 3 |
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