OTCPK:NNDIF - Post by User
Comment by
ZincDinkon Oct 05, 2021 3:38pm
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Post# 33968409
RE:Some sizeable trades lately
RE:Some sizeable trades latelyBest guess,
group that shorted this to death are covering, as possible that stock price could increase with the general market (zinc refiners in general are up 50 to 100 percent this year...except you know who).
If GC is going after us, I think they would need to make intentions known.
Just might be that someone recognizes China zinc refiners are subject to potential electrical outages or maybe exposed to higher cost, while NIF has a cheap reliable hydro source.
Just amazing that it would cost over 500 M$ to replace, yet valued at 50. Xstrata was willing to buy at almost 4 $/share a decade ago. Plant has expanded and now 400 is worth 50.