OTCPK:NNDIF - Post by User
Post by
HomerAndCompanyon Jan 31, 2017 4:07pm
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Post# 25779645
Zinc > $1.30/lb today. Shorts need to lock in profit soon.
Zinc > $1.30/lb today. Shorts need to lock in profit soon.
The next earnings release is bound to show a bar chart comparing adjusted EBITDA for SPA vs. benchmark vs. spot TCs that is much more encouraging than those in the Q1 through Q3 presentations, due to much higer zinc in Q4. As it was the bar chart was improving every quarter - that is the post SPA bars were looking better.
So far in 2017 zinc price strength has continued, while LME inventory falls. But with a labour contract to negotiate it doesn't make sense (for management) to get carried away touting the positives, especially when they are offset by some real negatives - end of SPA, low TCs, no contract, etc.
Those with 1.9 million shares shorted no doubt have some idea what they're doing. But I wouldn't want to be short when the next earnings release presentation comes out.