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zinc tsunmai, page-6

  1. 266 Posts.
    Hi JC,

    Consider the counter argument then: What if the global price for zinc was still about $US2.00/lb as in early Dec when AIM trading ~ 37.5 cents. Where would you expect the AIM price to be today if global demand was not a factor?

    Now we see spot zinc trading $US1.388/lb .. a fall of 30.6%. AIM has fallen a lot further because its not a zinc producer. For mine its difficult to understand why you think theres not a nexus between the two events.

    Of course traders will readily exit, not necessarily because of impatience, but probably more to do with the fact that global price is weakening and their money could be tied up in a falling stock that could conceivably take a long time to get back up to 38 cents and beyond. Better trading opportunities elsewhere.

    Long term investors are not worried by such mundane considerations. For them the global demand will pick up - when is not terribly important. The global commodity outlook still looks pretty good .. a bit of hiccup here and there but when is all said and done traders are just short sighted ppl who cant see a ten bagger when its staring them in the face.

    =========================================

    < i believe, nothing to do with global demand for zinc.

    impatiant technical traders leaving only as they see the gap at 20c needs filling.

    yes increasing volume is a concern but the fundimentals of this progect will shine for the patiant. >

    imo.
 
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