OTCPK:NNDIF - Post by User
Comment by
ZincDinkon Oct 13, 2021 5:11pm
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Post# 34002950
RE:Good Day to Sell Some!!
RE:Good Day to Sell Some!!Really? Lets see, other refiners around the world are discovering energy price shocks while NIF has reliable hydro power (along with many other refiners, but not all apparently).
When spot TC were $ 300 prior to pandemic, this stock was still a bargin at $ 3 per share. There was no way even GC would have been able to hide the profits from shareholders even with excessive fees. The pandemic killed TC and once it was declared, markets went heavily short on refiners with the belief concentrate would be in short supply (well played assssholes).
The big fear was GC was using the same playbook that Nyrstar did bankrupt the common shareholder with spot TC.
No doubt that there were a lot better zinc refiner plays as the GC arrangement keeps serious investment on the sideline. GC doesn't have to buy the refinery anyway, they make more operating, colecting fees, using investor dividends to upgrade.