Ann: Change in substantial holding from SNO , page-2

Interesting, back at the counter after a quick profit realisation?

For those wondering why the OVR SP is acting coy despite the soundness of the fundamentals, I recommend re-reading the Credit Suisse report on zinc, available from the IBG website.

To quote from page 5:

If the cyclical story is bullish, we would argue the structural story is even more bullish and perhaps more importantly not well understood by the market (unlike copper for example). Our meetings with investors last year made it clear to us that in the eyes of the market zinc is still a relatively unfashionable metal. Listening to corporates we see a similar story that zinc is a metal not worth investing in (which again is bullish in our view from a supply perspective.)

For most of the market zinc is oh hum, much like iron ore was several years back. For those looking ahead it's the place to be, and with the upside potential that plays like OVR and IBG have, they seem a good place to be for the medium to long-term.

And as per the standard... Do Your Own Research!