Looks like someone likes to accumulate shares on Fridays. They...

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105

269 Posts.

95

07/05/21

11:08

Post #: 53012122
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Originally posted by 105: ↑

Some good support today by a motivated buyer looking to accumulate at what they see as value. A big part of the recent fall appears to be a result of a large holders selling down a position and being followed. Hopefully we now see the reverse. The quarterly may have been a little underwhelming but was not a train-wreck and there are definitely more potential positives including, but not limited to:

- further reductions in environmental bonds possible
- further drill results, and growth in resources/reserves to support mine life
- ongoing bullishness in zinc pricing
- some cargoes being sold at TC rates under $100
- wet season gone and production is projected to ramp up on an ongoing basis
- management has not backed away from timelines on the Jameson Cell which if successful will increase recoveries significantly
- debt continues to be whittled down

Yes there certainly are risks but management do genuinely appear to be positive and motivated. There is enough to keep me positive. I think management could promote the company more, perhaps they already are to sell the value proposition to corporate investors. Positive sentiment hopefully leads to some momentum as we hopefully see some good updates this quarter.

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Looks like someone likes to accumulate shares on Fridays. They waited for the sell lines at 19.5 and 20c to swell before taking them out.

Last edited by 105: 07/05/21

NCZ Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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