It's to do with the zinc price I believe. The last 6 months saw a bit of a correction and was not a favourable time to make deals. The price has now recovered and the outlook is - well, brilliant for zinc. Stockpiles continue on a steep downward trajectory.
I believe they are just holding out for the best time to sell it. Why sell it now for $5m profit when they can get $10m in 6 months or a years time?? Numbers are just made up.
What is fairly certain though is that the stockpile will be able to fund the company's growth without dilution to shareholders.
It's to do with the zinc price I believe. The last 6 months saw...
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Last
60.0¢ |
Change
-0.005(0.83%) |
Mkt cap ! $105.3M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.0¢ | 58.0¢ | $60.42K | 102.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 27000 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SDV (ASX) Chart |
