Perhaps it is being sold down to allow accumulation at the $1.50-$1.52 mark in Aus, so that it can be sold at Aus. equiv. $1.60 on TSX, where there is no doubt a limited supply. Some sales actually being significantly higher than $1.60. Expect this to go on for some time, until the market supply evens up. Traders hoping for a quick balancing out of prices will probably be caught out in that scenario, with early push up in prices to be followed by push down.
Re: CLQ chart, page-294
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