NCZ 0.00% $1.10 new century resources limited

Ann: Trading Halt, page-12

  1. 8,033 Posts.
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    Announcement will come on Monday.
    They have enough cash for the next quarter.
    The only reason I see for a drawdown over the next 3 months
    is to finish the capex spend earlier.
    That will increase production,....lowering costs.
    I would see that as a good move.

    I see any mine producing 12mt PA as an A grade asset.
    I would think the announcement will set out how much cash is currently on hand
    and plans for expansion of debt.
    I think the market will be positive to a more robust balance sheet.
    Given current low zinc price.
    Expect a move back above 26 cents

    Cheerd
 
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