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But the bottom line is, we should have been notified on the Glenover agreemen weeks ago! Star Zinc has no bearing on Glenover whatsoever. This is what worries me after the Concordia situation last year. It's playing out the same. Dates promised, dates passed, no news and then bad news.
I said this:
17/04 The only certainty is that CB never meets a deadline so I'm a little concerned that 30th April will come and go without any news.
28/06 I don't think this offtake is gonna happen. Smells like Concordia to me
You are right
With regards to Hargreaves, probably the others too except for the mentioned individuals, the companies are nominee accounts so represent myriad private investors. They are listed as major investors but in fact they are not
Cricket! Who's buying in the millions? Wish I had that kind of money
Between 10 and 20x I agree but it could be much more. Bought another 280000 today
Iron ore, steel and aluminum may be high-demand base metals like zinc, but zinc has an attractive advantage for investors: Supply is fantastically tight and stockpiles are diminishing at a rapid pace. China is the world’s biggest user of zinc. That’s because China spends more money on infrastructure than the U.S. and Europe combined. Last year alone, China spent $2 trillion investing in its infrastructure, and that number is growing by $300 billion each year. Stockpiles are at multi-year lows and demand remains relentless. The supply squeeze is on, with China going through record amounts of zinc, India experiencing massive growth, and America planning to spend billions on infrastructure and military defense projects, zinc - more than at any time in history, is noticeably becoming the go-to metal. In 2016, zinc demand became greater than the available supply for the first time in a decade. Accordingly, the price of zinc shot up over 97%. It’s interesting to note that during zinc’s last bull market run from 2004 through 2007, zinc prices rose 63% in 2005. The biggest gains actually happened in the following two years with zinc prices increasing 286%. These returns bested the first year’s gains by more than 4 times. Zinc miners saw their stock prices surge even more, with some companies advancing over 400%.
From Investing news: If you haven't considered zinc as an area to invest in, I don't blame you. But some major zinc mines at or getting to the end of their deposits. And there are some significant new applications for zinc. Mining magnate Robert Friedland has highlighted this use, stating that the governments of countries like China, India and Pakistan are “supporting zinc additions to fertilizer when it’s put in crop rotation.” These factors and others are leading to a supply/demand crunch that could mean profits for savvy investors.
Big spender;-) welcome aboard