Somebody flashed up 6m for sale which was taken in a microsecond ie preplanned crosstrade from one institution to another.
My guessing is this is the last of the overhang from the capital raising and this is why the share price had been massaged to a price to enable the cross trade. We have been noticing this manipulation for weeks. Now we know the reason why.
I would now expect Credit Suisse and other brokers in conjunction with NCZ to ramp up the marketing drive in the run up to production. Credit Suisse has given a $3.99 top level valuation at current zinc prices. Not bad from $1.36.
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