It's probably a combination of things: - The buying from those US guys (Clutterbuck et al) has ended (and so too has any broader buying momentum that came from their buy up) - There hasn't been any meaningful update for at least a few months - No new contracts (actual contracts with actual terms being articulated) - Looming CA + ASIC hearing, this will come around quickly - Volumes are low, so movements will be more pronounced
Another question to ask is why did the price shoot up in the first place? There wasn't any meaningful news that prompted the US guys to go in as hard as they did.It's still costing GSW about $1 to make 10c. Hasn't been much movement on this for a while.
GSW Price at posting:
50.0¢ Sentiment: None Disclosure: Not Held
