Chinese new year over, back to work. Steel construction continues in other parts of the world. Just ask the iron ore companies in the North West of WA. It must be galvanised. New Zinc mines on the horizon in the next 12 months -zero. Current production is unable to keep up with sustained growth even at a lower activity figure than last year. Aim's figures continue to improve as the zinc price rises. MF organises finance with limited hedging, production plant gathers speed. Share price currently suffers whist chartist's and day traders try to come to grips with what to do next. Meanwhile the pressure builds as the abovementioned factors take there course. The result is a rapid esculation in share price, a pause, another run until it gets to where it belongs. You do the numbers.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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