Things do look bleak now but with every reduction in production of zinc and lead things look better for Intec. The experts were predicting a huge surplus by the end of this year which now more than likely won't come to pass. While Intec is going for a multi-metal recovery plant, zinc plays an important part in the revenue just the same. The better the predicted revenue from the plant the more likely it is that Capital will be found even in these hard times. There is always money around if an idea/process/product is good enough.
Yes Intec promises to be a great "clean-up" Company but it will have to "prove its stripes" before other mining companies and the Market really take note.
Even if the Western World is in recession there will still be demand for metals and, so long as consumption outstrips production, things will look great for metals when the world regains confidence. Galvanizing will still be needed for a host of iron products that need protection.
The volume traded is always of interest and yes it was small yesterday. But more importantly, how many of those shares that were sold yesterday were bought only a few days prior so there was churning without any real change in holdings from a few days earlier?
Capital will be sought as soon as revenue from the plant is known. Naturally long-term prices for metals will be used instead of the present day prices. Remember the plant will take at least 9 months to build even when Capital is found. The plant could be being commissioned during the Western World's recovery from the present "recession".
Always the Optimist.
Cheers.
SDV Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)