NCZ 0.00% $1.10 new century resources limited

CWS as we have crossed paths on other investments I’d suggest...

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    CWS as we have crossed paths on other investments I’d suggest you give this one a wide berth unless its for a short term trade given leverage to the zinc price (my opinion only). The company & certain paid brokers sold retail investors dreams of $5+ share prices while the reality was that they consistently underperformed operational targets and their management (now ex-mgmt) have been happy to sell their shares to retail holders, leaving the company with a massive amount of debt. The Goro deal was an attempt to pull a rabbit out of the hat which also came with a large amount of risks (why Vale left imo).

    On your 2nd question my view is that Vale have looked at the enviro/local protest risk and are keen to get out given the issues they have had in Brazil and it has been loss making for a number of years.




 
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