NCZ 0.00% $1.10 new century resources limited

Off your bums boys., page-24

  1. 352 Posts.
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    Its actually A$150m mkt cap....3rd lowest market cap in the ASX 300, so expect it to get kick out the index on the next index re-balance.

    Credit Suisse are another party to blame here. They have given this project and the promoters institutional credibility they dont deserve. Retail punters can get taken for a ride but Michael Slifirski would've know the obvious challenges to this project from day one. To sit there with complete rubbish target prices, sucking more punters into this doomed scheme. He still rates NCZ as OUTPERFORM and has a target price of A$1.53....complete joke. He is the only institutional broker to cover the stock, funnily enough he also covers SYR and has an OUTPERFORM and 2.30 target price on it. He must be happy to destroy his reputation for those ECM fees...
 
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Currently unlisted public company.

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