Good to see most of the risks decreasing and I also think people underestimate the foreign exchange benefits at the moment.
One major concern still has to be the recovery rates. Think it’s poor by management to give no operational updates for this long in the commissioning stage of a project. They were very eager to provide monthly updates when the improvements were linear and incrementally above peers but as soon as they dropped off they went to quarterly updates which can only add to negative sentiment. There’s a chance they haven’t improved and maybe that is worth the short?
NCZ Price at posting:
79.0¢ Sentiment: Hold Disclosure: Held
