OTCPK:NNDIF - Post by User
Comment by
ZincDink1on Mar 19, 2020 11:28pm
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Post# 30829133
RE:RE:Not sure why people are selling
RE:RE:Not sure why people are sellingNorthforce, the data from Feb 21 is the most up to date I could find.
Its the million dollar question - how will zinc be impacted by changes in global economy. Shutdown of autoplants not great, will slow demand while shut down. Streets are so quiet, how can people crash their cars and buy new ones?
Zinc inventory still very low according to LME. Many expecting mine supply to increase, but I don't know if mines are going to be excited at this price level.
The other thing to recognize is zinc has dropped in price by about $ 600. Sure, they hedge, but it still can't be good.
I think we will be on the low side of guidance. Someone sure wants out bad though.
Just mad that I hummed and hawed about selling, known that past recessions cause the stock price to drop a lot. Never would have imagined it getting this low.