Whilst the share price a few years ago was hyped up due to restart, pumping, attempting to generate investor appetite and promise of good economic metrics, in reality it has not exactly fulfilled what it was supposed to. Overinflated promises of income generation with associated rewards for shareholders thus far fell way short. Issues with ramp up then the low recovery rates then further money for JC - the effect of the latter is still to be confirmed. Then the capital raises with massive dilutionary effect - particularly the last one at a dismal 15c and now another as yet unannounced possibility of further dilution. Perhaps the best as yet Q coming with zinc prices being high plus with hedging in place - however, holders have been hearing that for a number of previous quarters and yet share prices are i the doldrums.
Trusting shareholders let down and many with losses. Another one of those experiences that will stick with some for a long time. Perhaps more promises of blue sky coming - buyers beware. And yes, I will chicken out of buying into this company again irrespective of the size of eggs.
NCZ Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
