OTCPK:NNDIF - Post by User
Comment by
ZincDinkon Apr 26, 2022 4:57pm
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Post# 34633710
RE:NIF Q1 Financials
RE:NIF Q1 FinancialsInteresting few days. Refiners dropped with China freakout, yet, TC managed to rise a few more percentage points. Hope this indicates that China will stop refining imports at a loss. Europe...just don't see much for a European refiner to cheer about (or a buyer of zinc for that matter).
So, this could be he last disappointing quarter for a long while. Lets see if we can write the MDA, revenue increased due to higher TC, with the loss primarily attributed to hedges.
Now that they surveyed operating with such low TC, maybe management can keep TC based on spot market.