NCZ - My Tragic Story

A few long term holders have bobbed up recently and shared their pain ....

ie@myHC101

@fatpockets

@miningnut and @Sweetsound are no longer holders but are sympathetic and still visit the grave to lay flowers.

@Bundy_Too another who’s been around quite a while.

Anyway, instead of taking potshots from the sidelines (as I’ve been inclined to do for a year or two now) I’ll take you through my history with the stock ....it may be of precious little interest to most but some may relate to it (particularly if your interest/investment goes back a few years)

So it all started with a hot tip from a mining industry veteran ....an insider of sorts ....that NCZ was onto something .....after picking up the Century site and assets for an absolute song it had the people, equipment and technology to make a motza out of the tailings and ......there was a whisper that there was significant other value elsewhere on the site - there was other undiscovered zinc and silver.

The stock was already climbing but was set to really take off.....it was ‘the easiest triple your money bet going around’

So that was the pitch.

At the time NCZ had broken through $1 ($15 in today’s BS consolidated money) and was climbing fast. I had to get on or it would be $2 while I procrastinated. I bought a sizeable parcel at $1.25 ($18.75 in today’s money) around Sept 2017.

Bear in mind this was pre any actual mining - the stock was a speccie - bid up on hype - but I was just happy to get in. I bought the story.

Early on I had nothing to whine about ....it pushed on to $1.40 then $1.50 and then it might’ve even nudged $1.60 ($24)

I was up 25% plus in no time.....and there was the promise of dividends ....sizeable dividends.

But of course eventually the company had to report on actual operations and when actual operations did begin to get reported (late 2018/early 2019 I think) ...well quarter by quarter there was always something temporarily not going to plan - and quarter by quarter the share price edged backwards......but there were always reasons (excuses) .....there was equipment problems you see, or it was bad luck with the weather, or treatment costs were unexpectedly high, or recovery rates unexpectedly low........but never mind ....next quarter things will pick up, recovery rates will improve, zinc prices will surge .....and we’re still digging around on the extended site remember .....there might be gold in them there hills.

Well the operation just couldn’t deliver .....quarter after quarter after quarter it disappointed. The share price headed back south down through $1 .....then 80c .....

50c

40c

30c


There was some you beaut tailings processing equipment (the name of which now escapes me) along the way at some point that was going to turbo charge everything .....and then there was that crazy time in 2020 when a nickel and cobalt mine on New Caledonia (Goro) was going to really fire this baby up .....but everything eventually turned to shite...

Then all along the way there’d be cap raises As if it wasn’t bad enough that the stock had hit 25c but some cowboy outfit comes along and gets a truckload for 15c and the stock price dilutes and adjusts down accordingly.

I sold half my holding at 20c ($3.00 in today’s money) at a handsome loss about 15 months ago.The other half I still hold but barely track it.Mentally I’ve written it off.

So this Tassie thing I haven’t read much up on it ....and as for the 1:15 ‘consolidation’ .....well that’s just another stunt consistent with the company’s whole shonky history. There’s always been a bit of a smell about NCZ, it’s empty promises, the shareholders that come and go off the register, the cap raises, the reporting, even the way the shares trade.

Someone here mentioned steering clear of small cap miners on the basis of this NCZ experience. I’m firmly in that camp -I’ve come away with a view that there are lots of pirates in these seas - too many people in the know at the expense of retail shareholders.....and with the small market cap and low volumes - too much scope for manipulation.

So there you have it. I’m battered and bruised and completely dismissive of any announcements coming out of the company since about mid 2020......but who knows....maybe there’ll be some brave souls/lucky schmucks who get their timing right and pile in at 6c or 7c ($1 in the new money) .....and for them it might indeed prove to be the ‘easiest triple your money bet going around’