Ann: NCZ GRANTED EXCLUSIVITY FOR POTENTIAL ACQUISITION OF GORO, page-60

The company was in a tough spot. They knew a deal announcement was going to be made so they had to extend the offer to ensure retail holders were making informed decisions. Had they not extended, retail holders could have reasonably argued that they were not adequately informed prior to making a decision to take up their rights. Now the whole market is on the same page with regards to Goro, there’s no need for another extension. Everyone is informed.

All this talk of insiders driving up the price is forgetting that zinc has staged a strong recovery, TCs have fallen sharply and disruptions to the global zinc supply chain are ongoing. All this while NCZ put in a record month in March. It’s nonsense. The price plunged to 5c and put in a solid V shaped recovery with the rest of the market. I don’t see these ‘insider buying’ theories springing up on other producers.