Post by
Rob0012 on Jun 27, 2017 3:20pm
The good, the bad
good: Price Of Zinc (POZ) is up and seems trending up.
the bad: What de F..C.. is going on??|!| After all these years, still can't make it sound right to me!. All the positives we know. Does anyone know the negative???
Unfair.
Rob...
Comment by
miketrike on Jun 27, 2017 3:29pm
Green/NDP coalition more than likely to form government in the next few days depending on the Lt Governor of BC. Liberals have been in power since early 2000's and were mining friendly. Socialists likely taking over now with heavy Greens influence may not be friendly to mining. This might be the reason for the weakness.
Comment by
ndiamond on Jun 27, 2017 7:47pm
I think there may also be some "seasonality" to what is going on. Summer doldrums / weakness while many investors, fund managers are away from their desks etc. I was told that the best time to buy resource juniors is mid summer (eg. July) when thing have bottomed....can make a very good return come Fall and Winter. Actually perfect timing as CZX is about to commence drilling.
Comment by
KingKyle on Jun 28, 2017 9:19am
Lots of excitement on AZ; how it spills over to CZX....fingers crossed. Zinc market will be bullish as fundamentals very strong.
Comment by
KingKyle on Jun 28, 2017 9:52am
Depending on ones perspective good or bad, this stock could be taken out looking at how current price is being behaving. Somewhat obvious...Maintaining some position for takeover..not my usual investment style but holding this one until the end. GLTA
Comment by
KingKyle on Jun 28, 2017 10:08am
At least a double from this level on the cheap unless we have a bid or zinc price spike as widely anticipated....reverse takeover from one of holding companies could be scenario. Hold on or buy some if you have some powder.
Comment by
KingKyle on Jun 29, 2017 1:08pm
Right now, RTO is possible given weird way the SP has been trading since 2-3 months back. Interesting you caught Tongling accumulating shares..Only leverage would be there are multiple large owners so one move could spark price activity. Nothing to add than not seeing this company moving to production....but a takeover of sorts is not a bad bet.