I’ve been right about the zinc market and this stock for more than a year - what’s your track record?
Bit hard to rewarrant 100k+ Zinc metal between the LME/SHFE within a week when there was supposedly no real ‘shadow stock’ as people claimed.
Coronavirus is the excuse to rewarrant the zinc given traders know demand is dead in China until its controlled. Had it not happened the excess volumes were always going to be rewarranted once annual zinc contracts were agreed - not the massive volumes that we are going to see now but still large enough to drop the price.
NCZ Price at posting:
22.0¢ Sentiment: Sell Disclosure: Not Held