In order to reduce their fixed costs they need to ramp up and ramp up quick - perhaps as a consequence TC's up. But surely the trade war can't just be dismissed as a cause. It will come back to supply/demand. Like with a lot of commodities China is a huge market and hence very influential in pricing mechanisms.
In any event, as they are ramping up I think they should still be able to make money down the track - let's see how things play out next 12-18 months. For me selling at current levels is not an option - it's a long hold. Not advice. Back to my coffee.
NCZ Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
