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NCZ - New Century Resources

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Alrighty, really showing some signs of gathering steam.
Note, today indicating first bar upturn on PSAR.
Price of zinc also staging a nice recovery to boot. A symbiotic relationship I expect.
1 month chart. Held.



5 year Nasdaq zinc chart from ASF site sponsor,
investing.com
(their app is nice and useful !)

 
It's been a busy year for NCZ. Lets' start with the weekly chart. It looks horrible. The long lasting down trend is clear, culminating in the Covid Mar low. Since then price has rallied of this low and is currently in a corrective pattern. Is price making a base pattern here? Looking at the daily chart there's a symmetrical three wave abc corrective pattern after the impulsive rally. The 50-62% PB zone is marked by the green rectangle. Last weeks price swing off the recent low looks quite bullish. It's at the correct place for a bullish rally (if you like the EW theory).



We know that IGO has sold it's stake. We know NCZ will not make an offer for the Vale's Goro nickel, cobalt mine. NCZ continues to produce zinc at it's New Century mine as it has done for the past few years. Price has gone down for the past few years. So what's NCZ going to do to turn it around to attract new investors? NCZ is doing a bit or local exploration but it'll need to find a lot more zinc to spark investor demand.

In summary: There's a short term bullish outlook and NCZ needs something to spark a longer term investment outlook.
 
A standing sell order got hit on Friday, so back in today on the small pullback.
Hopefully it's tomorrow's hot stock...
 
frugal.rock said:
A standing sell order got hit on Friday, so back in today on the small pullback.
Hopefully it's tomorrow's hot stock...
Click to expand...
Tempt me not.
@frugal.rock

Then again, ever been at Century in the wet. Then again AUD may fall again against USD. Then again Zn price may rise. Then again may partner or t/o with a RE or Golder.

I'll watch the chart atm..

gg
 
Garpal Gumnut said:
Tempt me not.
@frugal.rock
Click to expand...
Ok, have it your way.
I won't even mention "just a wafer thin slice sir?" ...
Garpal Gumnut said:
I'll watch the chart atm..
Click to expand...
It started looking a bit grim after you posted, however all is not as appears, sometimes.
Order flow suggested vested interests buying all offerings at their intended price.
Am interested to see the closing shenanigans.
Cheers.
PS; I held my part of the deal by buying up CNJ... couldn't have the right honourable GG in the naughty corner now could we?
It wouldn't be proper, like.
 
All good fortune with NCZ. Due to your interest and good postings it is on my watchlist.

gg
 
A while since last post.
NCZ back trading today.
Placements occuring at the $0.155 mark.

1 year chart.



Zinc futures, not sure what has caused the spike on the weekly ?.

 
A quick update.
Has consolidated 15:1 since last post. Pre consol' price was around $0.15 which converts to $2.25
With the price of zinc (POZ) heading north, one would expect a zinc miner to be doing better than this SP ?
Perhaps now that the hurdles of cap raise and consolidation are past, it might react to the POZ ?
Might be wishful thinking as I am holding some longer term.

NCZ chart (daily) and a zinc futures chart (weekly) (different futures ticker chart to last post)



 
It's been a slow correction to the order of balance... patience grasshopper, for this too will pass.

 
Have put in the comp for 2022
Zinc at highs.
The z in the name used to be zinc.
Just need some lithium prospects now.
Some ESG garb and consolidation may bring a some change, oh, and a bloody dividend would be nice...
 
just looking at this:
  • April 2020 ... Capital raising of A$51.1 million via a placement and fully underwritten accelerated non renounceable entitlement offer. IGO Limited to invest up to A$27 million, taking up to an 18.4% stake and entering a strategic relationship for ongoing collaborative assessment of Century exploration potential & other resource assets within the clean energy metals sector.
  • Oct 2021 .... New Century will execute transformational ESG focused growth transaction including strategic investment from Sibanye -Stillwater, innovative proposed acquisition of Mt. Lyell Copper mine, bond refinancing and a capital raise.
  • 27 October 2021, successfully raising A$116.7 million before costs. The process included a strategic 19.99% investment by Sibanye-Stillwater Limited (JSE:SSW and NYSE:SBSW) via an equity investment of A$61 million.
  • And a non renounceable pro rata offer to Eligible Shareholders on the basis of 1 New Share for every 4 Shares held on the Record Date at an issue price of $0.155 each to raise approximately A$46.9 million;
  • 09 Dec 2021 ... Has consolidated 15:1 . Pre consol price was around $0.15 which converts to $2.25.
Execution of Option Agreement Over the Mt Lyell Copper Mine
Highlights
• Attractive Acquisition Structure
o Option Agreement executed, providing New Century a two-year period to study acquisition of the Mt Lyell Copper Mine in Tasmania
o Option Agreement uses an innovative, ‘capital-lite’, risk-sharing structure with acquisition consideration principally via a deferred and capped royalty from future production
• 100% Green Copper Supply
o Major sustainable copper supply, strong ESG credentials
o Potential to operate on 100% renewable energy (hydroelectric power)
o Opportunity for potential accelerated restart via tailings reprocessing and existing plant
• Large Resources in Tier 1 Location
o 1.1Mt+ Cu & 0.94Moz Au Mineral Resource enabling potential for a multi-decade mine life
o Tasmania: Strong mining history and multiple existing operations
• Proven Operations & Established Infrastructure
o Historical operations strongly cash flow positive (at lower Cu prices than current spot price)
o Mining lease, tailings dam, plant on care and maintenance, other infrastructure in place
o Potential for broader rehabilitation services strategy over legacy issues
• New Century is now undertaking an initial Options Study, to be completed within six months, to form basis of a Restart Feasibility Study
 


A couple of big unusual trades.
Seems like an organised on market transfer ?
I love a good anomaly, just never know which way it will go though...?
 
Starting to look better?
Decent little gap up to close the day.
Price of zinc getting up to multi year highs.
15 bars for a bit of clarity on the 5 day chart.
Monthly on the zinc chart.


 
frugal.rock said:
Price of zinc getting up to multi year highs.
Click to expand...
Not 100% sure, but I think the highest zinc has ever been, or very close to it...
5 hour bars.
Will it rub off on NCZ SP though?

They probably have half their output hedged on what would now seem stupidly low prices. ?

 
Well, I'll be a monkeys Uncle.

Just got an alert for an all time high. Now that doesn't happen every day....

 
New Century Resources Ltd's Patrick Walta and Brad Evans discuss an update on the progress of study works in relation to the Mt Lyell copper mine in Tasmania, which is currently under an option agreement for acquisition. They say the mineral resource base of 1.1 million tonnes of copper and 940 thousand ounces of gold has multiple development pathways which they're currently assessing.
 
I used to like trading NCZ pre consolidation near the end of last year.
It's a different beast to trade now.
However, price of zinc has been jumping back up lately and so has the SP on this old donkey.
Not held, but I did look at it lately when around a buck Fiddy...?

 
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