CZL 0.00% 4.8¢ consolidated zinc limited

There should be plenty of support for this stock below the SPP...

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  1. 29 Posts.
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    There should be plenty of support for this stock below the SPP price of 2.4c. It may well trade under 2.4c because, although this company is morphing from a junior explorer to a producer, plenty of people hold this stock as a punt rather than an investment. Weak longs will sell for the silliest of reasons when they get nervous.
    If the resource is real, which it appears it is, those that sell may never get the opportunity to buy back.
    Furthermore, once the resource starts to show a $$$ return, they may well become a takeover target IMHO.
    My plan, ignore downside 'blips' next 3 weeks and see how it trades post 15 Oct 2018, which should coincide with first $$$ hitting the books from sale of Ore.
 
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Currently unlisted public company.

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