Possibly Overbought ???, page-26

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21/08/17

23:44

Post #: 26647326
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Originally posted by snakepitt ↑

good conversation going on, if they are the biggest issues seen by the interested onlookers and good Samaritans, then happy days, it confirms the business case for holders

the fact that no major bought the project putting question marks on it? strange logic, could say that about any project that works out well, which wasn't bid/won by a major (FMG was built from tenements that BHP and RIO didn't want, Roy Hill gone over by everyone etc etc etc) or for that matter would be like falsely claiming no good projects end up for sale from an administration process. It's actually quite a flattering comparison for the project, though can't remember the last time a Glencore or S32 picked up a tailings re-treatment project... doesn't seem to fit with their strategies, but would love to hear about them if that has previously happened! would be a very interesting/informative read. links?

onwards and upwards, some healthy profit taking today it seemed, was going to happen at some stage on such a strong run up (just on the thread header, RSI is well under 70, so technically not overbought, did approach it on the run to touch a buck; disclosure - not a TA's bootlace)

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If the project is expected to produce as much Zinc as everyone is expecting then it should get on the radars of larger companies. Very much in both Glencore & S32 strategies to increase their exposure to Zn, a commodity they are both bullish on.

Different commodity but here you go, since you asked:
https://www.bloomberg.com/news/arti...ring-bid-for-impala-s-chrome-waste-operations

Good luck.

NCZ Price at posting: 81.0¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

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