LCL 6.25% 0.9¢ lcl resources limited

[ATTACH] IMO your call of 3c is highly unlikely. However closing...

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    IMO your call of 3c is highly unlikely.

    However closing the gap at 7.5c does continue to look like a self fulfilling prophecy and pricing may consolidate around the 7.5c to 9.2c area short term..

    Absolute worse case scenario I see is a piercing stab at 6.2c, however simply filling the gap should suffice.

    The gap filling at 7.5c also gives LCL an attractive little MC to build off of again plus would make the LCLOB’s look mighty attractive.

    There has been a lot of time spent above 14.5c at higher volumes than what we are currently experiencing, so when the SP does run again, I’d expect it to move back up swiftly.

    3 drill rigs running means lots of regular news moving forward...
    Last edited by Roostar: 16/12/20
 
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