PLS mainly had issues around cost of production not being in...

PLS mainly had issues around cost of production not being in line with forecasts hence the big smackdown.. IGO is likely to have better free cashflow (FCF) which is probably why the price is holding up especially in a fairly red day. Having said that, in the options market the market maker was fairly adverse to taking on more exposure and the normal mid-point execution level just kept blowing out... I paid over ask on a number of occasions today which isn't ideal but there's not another way to do that..

I would imagine another 50c move up next week followed by who knows what on report date...