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more facts 31st January looks good to me. they just need some...

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krkelly

155 Posts.

7

22/01/19

20:39

Post #: 37191889
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Originally posted by Snaganas ↑

I can only go on what is public knowledge or what I can personally verify but I can't understand where such talk comes from. Yes, if this was just a company trying to establish a resource into the headwinds of a bubble market then I'd be out, but this is not:

1. Zinc prices are stabilizing at the 5 year average.
2. Zinc inventories are drifting down and following a long term down trend towards ZERO.
3. Zinc economics are not boom bust (to my understanding) in that there are so many reasons for companies to need it that general global demand makes SL1's contribution important but nonetheless small into a market where demand is still outstripping supply.
4. Lead prices and inventories are also starting to follow the Zinc pattern.

Symbol is PRODUCING zinc and exporting it right now, to buyers at market prices. Cash flow is what really matters in this phase of the broader market cycle, so I am not changing my positive sentiment at all until I know more facts. All IMO and DYOR.

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more facts 31st January

looks good to me. they just need some cash

SL1 Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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