When it might only be by a few hundred tonnes of nickel may be therein lies an explanation.
I suspect of more significance is the many who are currently digesting the shipment delay and drawdown of debt. Some might be realising how close we are sailing cash wise.
Why would you buy now if you thought there was a fair chance of a CR, or a fair chance of something going wrong that would spook the sp? I see more downside than upside risk in the short term.
Let’s see if we’ve turned the corner by the end of this quarter.
EL
PAN Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
