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NCZ, NEW CENTURY RESOURCES LIMITED
blacksheep
post Posted: Dec 13 2018, 09:50 AM
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In Reply To: blacksheep's post @ Dec 12 2018, 03:24 PM

Tropical Cyclone Owen reaches category three on NT coast, may develop to category four today

QUOTE
The cyclone is currently 95 kilometres south-east of Port Roper and 85 kilometres north-west of Port McArthur.

It is forecast to start moving slowly eastwards back towards the Queensland coast during Thursday.

As it tracks east, it is likely to pass close to Port McArthur.

The system is likely to cross the coast along the south-east Gulf of Carpentaria coast between Karumba to Pormpuraaw later on Friday, and there is a chance it could cross the coast as a category four system.

Tropical Cyclone Owen now has sustained winds near the centre of 150 kilometres per hour with wind gusts to 205 kilometres per hour.

Today, islands and coastal areas of the western and southern Gulf of Carpentaria are expected to receive heavy rainfall, which may lead to flash flooding.

As the cyclone approaches the coast, a storm tide between Port Roper in the Northern Territory and Karumba in Queensland may develop.

This could result in tides that are significantly higher than normal, damaging waves and minor flooding between Port Roper and Karumba.

Tides are also expected to be higher between Alyangula and Port Roper, with large waves that may produce minor flooding between the two areas.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 12 2018, 03:24 PM
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In Reply To: blacksheep's post @ Dec 11 2018, 03:04 PM

Update on that cyclone - https://www.abc.net.au/news/2018-12-12/trop...-coast/10609798
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 11 2018, 03:04 PM
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In Reply To: blacksheep's post @ Dec 7 2018, 07:25 PM

NCZ were - "making preparations for next shipment in December 2018" - according to recent ann.

Seems there is a cyclone warning in the Gulf of Carpentaria - see map below - may/may not hamper operations? At the moment the warning only extends as far as Burkeown NCZ's loading facility is at Karumba
https://www.abc.net.au/news/2018-12-11/trop...ntaria/10605572
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 7 2018, 07:25 PM
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You would think NCZ would be a source for zinc concentrate - subject to meeting specification of course? Both operating in the same state/far north Qld
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$300 million zinc refinery expansion to increase production and jobs in north Queensland
ABC North Qld By Sofie Wainwright

QUOTE
Zinc production is set to increase in Australia with a multi-million-dollar investment to expand a north Queensland refinery.

Korea Zinc Company will spend $300 million on its Australian subsidiary, Sun Metals Corporation, which owns a zinc refinery just outside of Townsville.

The expansion is expected to increase the refinery's zinc production from around 225,000 tonnes per year to 270,000.

Sun Metals said work would begin immediately and was expected to be complete by the first half of 2021.

"As an organisation we've been working on this very hard for the last 18 months," Sun Metals' executive director Kathy Danaher said.

https://www.abc.net.au/news/2018-12-07/sun-...ansion/10594492
https://www.shortman.com.au/stock?q=ncz
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 22 2018, 09:02 PM
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In Reply To: blacksheep's post @ Nov 14 2018, 08:33 PM

NCZ gets a mentioned in this article
extrac
QUOTE
Metal Squeeze

The current LME squeeze marks a period of peak tightness for the zinc market, one that has been building for several years.

Fund money initially chased this story before the story-line switched to the new mine capacity being brought on line in reaction to higher prices.

However, just as the mine crunch has taken its time to play out, so too will the new supply surge.

Take the example of New Century Resources which is bringing the Century mine in Australia back into production.

The closure of Century in 2016 fired the starting gun on zinc’s rally from the $1,500 level. Century’s phoenix-like rebirth under the stewardship of New Century has been equally totemic of the shift in market narrative.

But New Century has only just completed its maiden shipment of zinc concentrates. Evidently, it will take time for Century to ramp up and longer still for that flow of raw material to make a significant impact on the refined metal section of the supply chain.


http://www.mining.com/web/zinc-market-ente...ness-andy-home/

and NCZ's off take customer, Nystar, here

Nyrstar's funding lifeline doesn't help State Government's $300 million problem
QUOTE
Funding boost a 'positive': Treasurer
State Treasurer Rob Lucas said the announcement of further funding for Nyrstar was "positive" but confirmed the details of the deal would be scrutinised by the State Government.

"Whilst this doesn't directly impact on the SA Government's $291.25 million guarantee it nevertheless will provide Nyrstar with additional time to conclude their previously announced capital structure review," Mr Lucas said.

"However, with respect to the security granted to Trafigura to support the new working capital facility, this is not prohibited by the state's financing documents.

"This is because it is a security granted by Nyrstar Hobart Pty Ltd and not Nyrstar Port Pirie Pty Ltd.

"However, any enforcement by Trafigura effecting a share sale of Nyrstar Port Pirie Pty Ltd would require the state's consent to avoid the acceleration of the debt related to the Nyrstar Port Pirie Pty Ltd perpetual securities."

read more - https://www.abc.net.au/news/2018-11-21/nyrs...rantee/10520204



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 14 2018, 08:33 PM
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In Reply To: blacksheep's post @ Nov 14 2018, 10:51 AM

Nystar is cutting staff at Port Pirie also

Nyrstar to cut jobs at Port Pirie smelter amid concerns about the company's financial outlook
By Patrick Martin
Updated 16 minutes ago
QUOTE
Nyrstar will cut 120 jobs from its Port Pirie lead smelter next year, as concerns grow about the Belgian company's finances and ability to repay a nearly $300 million SA Government loan.

Key points:
Job cuts at Port Pirie lead smelter confirmed by Nyrstar
Reductions to come through natural attrition and not renewing contracts
Company's financial difficulties could affect State Government loan
Last week, the Australian Workers Union (AWU) went public with concerns 100 jobs were on the line at the smelter, which is one of the world's largest.

https://www.abc.net.au/news/2018-11-14/nyrs...melter/10498108




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Nov 14 2018, 10:51 AM
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In Reply To: nipper's post @ Nov 14 2018, 10:27 AM

The Mercury - local paper - also carried the story - Huge debt, share price plunge sparks fears for future of Hobart zinc works The Mercury · 12 hours ago

Only a matter of time before they close that site, IMHO.

QUOTE
Mr Midson echoed concerns about continued staffing reductions and a lack of investment in safety and maintenance, and said he raised the concerns with the general manager last week.

Nyrstar cutting jobs gradually

Nyrstar has indicated it plans to continue reducing the workforce at the Hobart smelter.

A company spokeswoman said gradual reductions were occurring in the Hobart workforce, and natural attrition and voluntary redundancy were the preferred reduction methods.

She pointed out that close to 50 per cent of the workforce was aged over 50.

"Great care is being taken to minimise the impact on employees, and a thorough consultation process is being undertaken before any changes are implemented," she said.

A government spokesman said if the smelter was to close, legacy environmental issues would be dealt with through a decommissioning and rehabilitation plan with the Environmental Protection Authority, but it is unclear whether the Government or Nyrstar would be responsible.

Nyrstar said it had invested in some alternative projects after deciding not to proceed with the loan guaranteed by the Tasmanian Government.

The company has operations in Europe, the USA, and Australia.


https://www.abc.net.au/news/2018-10-18/nyst...e-fall/10388344





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 14 2018, 10:27 AM
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In Reply To: blacksheep's post @ Nov 14 2018, 10:07 AM

The ageing Nyrstar refinery - formerly EZ - at Risdon, near Hobart, must be feeling the lack of reinvestment. From 3,000+ employees a few decades after, it's down to sub-500.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Nov 14 2018, 10:07 AM
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In Reply To: blacksheep's post @ Oct 25 2018, 08:39 PM

QUOTE
Posted Oct 25 2018, 09:39 PM - Nyrstar NV shares have plunged to record lows as falling zinc prices squeeze profit and drive worries about its huge pile of debt


Article in today's The Australian - Zinc cost and debt crippling Nystar - suggests ABN Amro analyst slashed his target for Nystar to just Euro 0.01 (1.6c) a share - valuing the company near worthless. The stock was trading @ more than E16.00 in 2015, E7.35 a year ago and since the ABN report has dropped to E0.63. Nystar could be pushed into a debt for equity swap with major s/h Trafigura and that could result in a "full wipe out" of Nystar's equity

Also mentions Nystar being an off take partner for NCZ



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 31 2018, 03:03 PM
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EXECUTION OF $40M DEBT FACILITY WITH NATIONAL AUSTRALIA BANK
QUOTE
New Century Resources Limited (ASX:NCZ) is pleased to announce that it is has executed
documentation for the A$40 million senior secured debt and bank guarantee facility with National
Australia Bank (ASX:NAB) (the Debt Facility).

As part of the execution of all material Debt Facility documentation, MMG Limited (ASX:MMG) has
entered into a subordination and priority deed, with NAB taking a senior secured debt position.
Final key terms of the Debt Facility are summarised on page 3 of this announcement.

https://www.asx.com.au/asxpdf/20181031/pdf/...w3y3whmnvch.pdf

https://www.shortman.com.au/stock?q=ncz
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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