SL1 0.00% 0.0¢ symbol mining limited

Ann: Mining Lease Approved and Mining Commenced at Macy Project, page-102

  1. 595 Posts.
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    The shareprice has has fallen substantially since the high on Friday, almost as if the Zinc price has fallen heaps recently...

    Should this start to climb (and all this tariff talk start to subdue etc), I can see this turning around very quick.

    Of note that whilst tin storage levels are historically low (eg LME warehouse), they have risen sharply in the past month. Clearly there has been more market ready tin material stored away than expected and it has been put into the market of late with the high prices. How long this can go for appears very unknown. I think zinc in particular is well oversold, but it has a lot of climbing to do to get back anywhere near where it was.

    If you think the zinc price has bottomed/ing, this would have to be an attractive entry point
    Last edited by dunny29: 12/07/18
 
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