"I keep reading about a looming supply shortfall yet I also keep reading about U mine closures , cutbacks, halting new development and mothballing."
Mine closures and cutbacks are what cause the shortfall Mick, its a part of the boom bust cycle and after the bust the boom must follow as there as demand will outstrip supply, and I don't think anyone can argue that demand will outstrip supply, its just a matter of when and some are predicting Q1-2 2014 as stated in the article I posted a few days ago.
SP action has been very interesting last few days with intentional opens and close price to show SP up 9% then down 9% then up then down. would you consider this a possibl sign of accumulation SS?
sp hard to fathom, page-7
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Last
8.1¢ |
Change
-0.002(1.83%) |
Mkt cap ! $258.1M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.2¢ | 8.1¢ | $126.5K | 1.554M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 3043519 | 8.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.1¢ | 136150 | 5 |
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| Last trade - 10.55am 16/09/2024 (20 minute delay) ? |
| PEN (ASX) Chart |