I don't ever think I have seen such a stable SP for an explorer in my life. The lead price has gone from $1850/t to $2225/t and the SP hasn't moved more than 2c and then only down. The infill drilling results have only been good and the decision to mine made and started. Yesterday we got the premium off-take.
It is only when you look at the broker data that it all starts to make sense - just look at what Credit Suisse has been up to this month. $12 million of churn for a net sell down of only $20K. This is not your normal prop trading going on, but extreme capping for some client. I am very tempted to take them on and just buy everything I can.
Ann: G1A Offtake Agreement with IXM, page-42
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