I suspect there is another week of insto / shorters driving the SP lower. Possibly a SP recovery in week commencing 24th June which is last week before MRE drops. I'm hoping the MRE is sensation so shorters will have to cover their positions and shorts. Another catalyst for upwards movement in SP is the met recovery rates. Anything between 50-60% is considered economical given WA1's niobium grades.
All in all, I'm hoping significant upside in MRE and that met recoveries exceed market expectations so the shorters get burnt to a crisp!
General discussion, page-8772
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Last
$19.28 |
Change
1.400(7.83%) |
Mkt cap ! $1.182B | |||
| Open | High | Low | Value | Volume |
| $17.88 | $19.58 | $17.67 | $4.057M | 214.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 296 | $19.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.28 | 484 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |