We would love to hear your thoughts about our site and services, please take our survey here.
http://www.kitconet.com/charts/metals/base/spot-zinc-30d-Large.gif
Zinc been creeping up last week or so too :)
Next few weeks - interesting... this year - interesting... next few years - super interesting. Just imagine, and yes it’s yet to be proven, mafl ends up owning 20% outright of a mine that rivals Neves Corvo? Think carefully about what this could be. Infrastructure is there, the people moving this forward are proven (mine operator and a respected experienced financer) .. they’ve not put a foot wrong so far. Place your bets whilst we’re under 4m m/c imo. When the looming zinc and commodity boom comes, it could be on its way...much higher
Good to get some updates on Cap Energy this year. Was a year ago this news..
https://www.petroleumafrica.com/genoil-moves-into-the-msgbc-basin/
Yeah Zan, obviously someone wants out after holding through last year. It's not a large holder or there would be an RNS I would have thought. We will see. Regardless, it creates some liquidity which is needed.
Hardy, I think so.. however, MAFL are often conservative with valuations. Really depends what they place into NAV for LS other than shares/cash. We can speculate, but not long to wait and see.
To be honest, we know the resource is going to increase, we know (or should!) that the NAV was jumping higher.. the interesting part for me is what comes next. Resource increase means Ascendant will start next next buy in. Ceo gave clues in proactive interview on money due. Happy days.
Hi Shaz . All looks good mate - we held through tough times but beginning to do what it should now. Regards Nav. Will be intriguing to see if / what they attribute to LS in the NAV. Regardless of that, the cash / shares and other gains they’ve made stocks this at 12-13p nav without LS.
If people can hold a few years here, I feel spectacular returns will come. I trust the Ceo. He’s delivered everything (and more) that’s been promised so far. And with near 20% of the co. in his back pocket he’s not going to take unnecessary risks. “will remain debt free” was one of his statements in results a year or so ago. We are exactly that, and once these Ascendant payments begin, will have more cash than we need to operate the co. for many many years (tiny operating costs). Intriguing investment for those on the sidelines watching.
and with zinc in storage falling dramatically- read what happened to zinc prices last time around.. TV's CEO, Cormark, Wood: Zinc could climb to US$4,409/tonne Dr. Mark Cruise, CEO of Trevali Mining (TV) recently said that his optimism for zinc is based on continued drawdowns of global refined zinc inventories: “We are starting to approach inventory levels last seen in the 2006/2008 window when the zinc price propelled to over US$2 per pound [US$4,409 per tonne].” As of December, LME zinc stockpiles stood at 122,000 tonnes, down from 250,000 tonnes in July 2018, see the chart with LME inventories. Based on this pace of drawdown, we will run out of refined zinc inventories in April 2019. You can imagine what this will mean for the zinc price in 2019. See also what Cormark says about zinc: Stefan Ioannou said that at Cormark, a price prediction of US$1.35 a pound (US$2,976.2 a tonne) is the average for the next year going forward, a price he said is “somewhat conservative.” “We’re down into sort of a 120,000-tonne range on the LME right now. And quickly approaching 100,000 tonnes, and when you add up the visible supply that’s out there right now, we’re down to half a week of global consumption, which I think for argument’s sake is pretty critical already.” “[The] last time we saw zinc inventories on the LME below 100,000 tonnes, the zinc price spiked to US$2 a pound [US$4,409.24 a tonne]. I think just based on that supply concern, I think if we see any waning in the Trump trade war narrative and people start to take a closer look at what the visible inventories are telling them. we could see prices spike significantly next year,” he said. See also what Wood Mackenzie says. Wood Mackenzie’s Thomas was closer to Ioannou’s sentiments: “We forecast double-digit growth in Chinese smelter production in 2019. It’s important to understand that even if this is achieved, the metal market is still forecast to experience further declines in stocks and remain in deficit. As a consequence the price is projected to revisit, and potentially exceed, the highs seen in February [2018].”
Our Ceo is a clever guy.. “Zinc prices hit their highest in nearly three months on Friday on worries that weak refined output in China could send the global market into deficit.” https://www.kitco.com/news/2019-01-25/METALS-Zinc-hits-highest-in-nearly-3-months-on-worries-of-shortages.html