IMO t'is also that many are anticipating no major news due, in the near future (days/weeks).
It's not a bet I'd want to be making, given the reported ongoing discussions on AB and this company's knack for surprise positive Announcments.
Zinc, as a commodity, is primed and its fundamentals are looking very bullish IMO. We have the asset.
We now need a JV/JV's with good terms and also a good partner/s.
Once this is secured, we'll have solid figures that should translate into a substantially higher MC/SP IMO.
One could also speculate, justifiably given management's stellar record, that they are taking their time to secure a JV/JV's that best benefits shareholders both in terms and entity/entities.... as opposed to rushing into the first opportunity.
When I bought in years ago, one of my main reservations about owning this monster resource we acquired at a bargain, were the terms that would see us heading to production (and also the depth) . We want a piece of the pie, not the crumbs.
I no longer have these concerns given the team we have at the helm.
On a side note, these retraces have provided excellent buying opportunities for myself and others, funds permitting.
Cheyne
MCT Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held