NCZ (ASX) Medium/Long Term Winner

Originally posted by Blake Stone ↑

In my last post I pointed out that there are two reasons the participants on HC post their comments. I am not a shareholder but am very familiar with this project and probably more than most. It is clear that the shorters are alive and well on this thread. The stand out like the preverbals.NCZ has so far completed all tasks set out in their timetable and have completed within the anticipated budgets. So far they have done everything they said they would do. Regardless of the comments that “they should tell us this and that” and other naive statements I believe they will complete all of their commitments stated in the DFS. Remember there is no mining or grade variation, no trucks or excavators or blast rigs to break down. All the variables of overspending and budget breakouts listed above are not part of this operational aspect. The ore ( is crushed, milled and stockpiled)(tailings from previous mining). The metallurgy management and processing is all that is required for this project. The only thing that can make this project not work is the people on site and the waste of money and budgetary controls. No mining, no blasting, no fleet maintenance, no fuel for rolling plant, no ball mills, in fact. Nothing that usually causes projects to fail. To be honest it’s almost fail proof. Cautionary comment: if this project does not deliver the forecast profits for shareholders the board Needs to start replacing management on site. They are the only people that can make it fail. This is the best bet. As for the value of the shares I’ll leave that to the punters. At moment looks a good thing to me. Don’t get me wrong , expect a few minor failures and hiccups which is a natural occurrence with these operations for “second start ups” so far done everything said they would do so can’t see why won’t continue. Just remember there is as many people wanting projects to fail as there is wanting them to be successful.

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Nice post ... curios tho, is this post :
https://hotcopper.com.au/posts/34950300/single
Written at a time when you yourself were shorting?