Clearly the larger funds are pushing the share price down via washing between themselves so that retailers don't take up the offer therefore more shares on offer for them. Once the offer is completed and the amount of shares outstanding is then reduced by 15. Then that pushes out all the traders who like volume along with traders who like shorts. NCZ will then become tightly held by the larger funds who will then re-package NCZ as an ESG "GREEN" play to sophisticated clients and other larger funds. This will occur over the next 12 months as Sibanye aren't allowed to sell 19.9% during that time due to escrow hence making the share registry tighter and the share price higher. It's a good strategy to piss off all the wankers who don't give a toss about this company. Good riddance I say. I doubt Sibanye will take over NCZ due to their track record of not delivering and going cap in hand many, many times. Just remember as a larger company a loss will offset larger gains elsewhere and therefore potentially more dividends. My suggestion is forget the zinc side of NCZ (Basically if Patrick talks about Zinc just think of Gretta "Blah, Blah, Blah) as that's predictable and just focus on the potential of the copper side of the company. That's where any upside will be going forward. AND I've taken up my full allocation just to stick it to the larger funds. GLTAH and Pray for Dividends in 2022.
NCZ Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
