There was a news report suggesting Kabila has until Thursday to sign or provide feedback or they will pass anyway.
NZC share price action has shown no interest past week. No buyers or sellers. In fact last Friday one single short trade for 100k shares constituted 68% of the total daily volume. Can't comment on motive but as much as we may hate shorters they do end up strengthening the register. Share price is sitting on key 61.8% Fib retracement level now. Want this level to hold ideally - and makes for a low risk entry point. Good to see the market depth has strengthened up today with some decent depth and not much on the ask side.
On a side note - our new partner Huayou Cobalt - you would think more impacted by potential DRC law changes than any company - is at all time highs and testing a key $100 share price level. Obviously not a big deal for the Chinese. What do they know we don't?
NZC Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held