NCZ
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0.00% $1.10 new century resources limited

So what you are actually saying then is the fundamentals for...

  1. theskeptic
    352 Posts.
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    05/08/19
    15:41
    Post #: 39865781
    So what you are actually saying then is the fundamentals for zinc are NOT favorable...

    NCZ is trading below the issue price already and we haven't even had tranche 1 settle yet. I'd expect a big dump on Wednesday as tranche 1 stock settles and CS stops trying to hold the price up. Last thing CS want is a bunch of hedge funds not wanting to take delivery of their stock. 120m shares coming to market over the next month with fundamentals deteriorating by the minute.
    NCZ Price at posting: 33.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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