NCZ 0.00% $1.10 new century resources limited

IMO once the underwriters finish selling their shares, the stock...

  1. 2,426 Posts.
    lightbulb Created with Sketch. 504
    IMO once the underwriters finish selling their shares, the stock price will recover, however I dont believe shorting activity will substantially decrease or that shorters will let go of this stock unless there is a recovery in the zinc price which I expect is happening steadily but slowly. The 1$ per pounds level should be a first trigger. the Chinese economy is recovering from covid19 (demand of zinc improving there), the rest of the world will follow its a question of months not of years before zinc demand retrieves its before-covid19 levels where prices where 1.20$+ per pound in 2019.
 
watchlist Created with Sketch. Add NCZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.