Nexa Resources purchases 29.9M shares Although this buy in by Nexa to acquire 8.8% of the company from "an arms length shareholder" is overall very good, the price was unfortunately (for us) low.
Does anyone have insight to who the arms length shareholder was ?
Dr Carman gives himself to much credit in another vanilla bland press release claiming the purchase was "a strong endoresement of ...our team" .
I would suggest Nexa bought in at a dirt cheap price in spite of the current Board and Mis-Management team and the Board - Mis management team are the reason why the share price remains under representive of the value of the tin, zinc and silver resources.
You want to read good mining press releases covering financing, work progress, drill core assay results and where a well managed company is going - read Ivanhoe (IVN).
Then compare the wording, sentence structure and story line to the "grade 11 essay" quality releases by Tinka.
It is my opinion that it is difficult to attract sustained retail market attention when your company presentation of itself is sub optimal and the missteps to date (2 years late metallurgical testing, wrong initial mining method in the original PEA) result in delays on mining decisions.
The resources are great, the new Nexa investor are great hopefully the Carman Lifestyle Crew have learned and can finally rise to the occassion.
Red