When people were challenging me at the 47 cents level and calling for 59 cents in the short-term, I suggested waiting until prices got down to the mid-20s to enter this investment.
I was assaulted by Bright30 and others because they arrogantly knew better. and aggressively called me a short. I am a long value investor only and see value here in the sub-30s. Keep in mind we’ve had a 25% dilution in shares with the current CS capital raising.
This week may be a good entry point with the view to hold for 12-months - as zinc prices should begin to climb at the end of the year and rally in 2020. My target price was 90 cents before the dilution; revised to 67 cents now.
NCZ Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held