OTCPK:NNDIF - Post by User
Comment by
ZincDink1on Mar 08, 2019 5:09pm
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Post# 29463645
RE:The big question
RE:The big questionWhen I have looked, spot price is typically lower then contract price, though I have only periodically looked a few times over the last 4 years (i.e. I probably don't really know).
I would think spot price jumps if there is a lot of zinc to be refined and the refiner can squeeze it into schedueld runs.
It was a nice bounce, though maybe a little early. I know the TC were going up, but haven't heard what the market TC is.
Just checked on the US exchange which had 80,000 shares trade hands today - a record volume in the last year. Most days, no shares trade hands under NNDIF.
Polar has been collecting shares and may try and get a seat on the board to force GC to do something it doesn't want to, like restore a full dividend get better treatment terms etc. If they can irritate GC enough, maybe they will step in and buy us out (or maybe not - Nrystar won't be coming in to scoop us up).
If I look at the weekly for NNDIF, biggest volume was this year week of January 7. If GC doesn't buy us this year, I hope Polar squeezes some divy out of them.