New Century Resources Optimistic Times
Updated
New Century Resources steps into optimistic times.
With the equity raise done, they are practically debt free, shortly before break even, Zinc prices are high and treatment charges are low, considering paying dividend, consolidated the share price to a better looking number, likely starting to mine copper is Tasmania soon, discovered more resources on their local turf. Not even considering these facts, the stock was highly undervalued before the equity raise. Just need enough people realize that the 2022 target price should be around 4.5AUD - 6AUD instead of the current 1.99AUD.
The trend is visible on the chart..
With the equity raise done, they are practically debt free, shortly before break even, Zinc prices are high and treatment charges are low, considering paying dividend, consolidated the share price to a better looking number, likely starting to mine copper is Tasmania soon, discovered more resources on their local turf. Not even considering these facts, the stock was highly undervalued before the equity raise. Just need enough people realize that the 2022 target price should be around 4.5AUD - 6AUD instead of the current 1.99AUD.
The trend is visible on the chart..
Note
The party started, let's see if we can hit through the roof in March! Good luck NCZNote
The recent general market sentient broke the run. Shame on sellers :)The golden cross is near and breakeven just happened. Good luck everybody once the market direction flips!
Note
It's gonna be time for the next attack very soon!Note
Yeah, I guess the Russians are making the world pay by general fear pushing down the prices. Now that we know-know it's not the company value but the sentiment (and the GS hedge fund bot) .. just hold ..
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