Nice to see the stock price breaking back through 20c this morning after a dismal few months since the Goro deal fell over. I guess the market has finally done some maths on what the escalating zinc price means for NCZ’s bottom line.
Momentum may well take it quickly to 25c I think but what has long concerned me is the truckloads of freebie options given away that kick in at various price points beyond that. The dilution they cause must surely act like a bit of a ball and chain on the stock price - would be interested in anyone’s views on this .....anyway for the time being I won’t dwell on it and instead celebrate (in a very subdued way) this little positive shift in sentiment towards NCZ.
NCZ Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
