NZC 3.57% 27.0¢ nzuri copper limited

NZC ta chart, page-80

  1. 940 Posts.
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    Huayou ATHs.  $NZC seriously lagging here and IMO arbitrage opportunity based on Aussie fear of the DRC.  Huayou have more exposure to Gecamines and tax changes than NZC yet continue to accrete in value each week to new highs - effectively going up more than the market cap of NZC each day!!!

    Each dollar Huayou goes is more than the MC of $NZC.  So today alone Huayou could take out NZC 6x over.

    Capture.JPG

    $NZC chart - last week we saw 5 days of light volume distribution as the new DRC mining code was confirmed to become a reality.  The selling was dictated more so by the lack of buyers than anything - and hopefully was the last shake out.  We now have a low volume base forming -  $NZC awaits buyers to re-enter now.  As we see today, some buyers are stepping up and it does not take much to move the price upwards as effectively all the stale or fearful sellers (in theory) should be flushed.  Time will tell... Capture.JPG
    Last edited by africadale: 12/03/18
 
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