Zinc price is suffering as a result of the US China trade war and I think the market is still in a wait and see mode regards the success of the startup.
Perhaps price can appreciate after the rest of the production sequence has proved itself and the company has 100% delivered without dramas and payment for a couple of shipments? A possible positive factor is the lower $A
The company has a lot tied up in tangible assets however does also have accumulating debt of some $150+ million at around 10% together with around 20% more shares...from memory.
All of the above plus the shorters have apparently been hammering the stock lately have cause for share price demise.
Not sure what is going on with the higher volume lately but I sense the Zinc price will be powering in only one direction as more production world wide join the party, including NCZ
NCZ Price at posting:
$1.05 Sentiment: Hold Disclosure: Held
