The decline on LME stocks has gathered pace again, this past 3 days down 3000 tones a day. Just take a look at MMG April 16 report on Century, basically production of Centurty ore finalizes around 3rd quarter 2015, they then have a parcel of Dugald River ore to treat but in the final analysis what we re looking at is a loss of about 85000 tonnes of zinc per quarter . Add that loss to the current LME declining stocks levels and its a no brainer where the zinc price is headed. I know there is a not a linear correlation between POZ and the stock levels, but at the end of the day the outcome is obvious and push will change to shove.
The decline on LME stocks has gathered pace again, this past 3...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.770M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 18458614 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 17236235 | 8 |
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