I knew by looking at the monthly chart a couple weeks ago that we were topping out but I didn’t expect such a drop, momentum has almost bottomed out (weekly)so we could see more downside to 18c. Everything across the board has had a great run so I think correction was overdue, plus a bit of “sell the news” regarding Biden NGD and stimulus enthusiasm. Agree with others also that a holder wanted out on a good announcement (something to sell into) and others ran for the door due to -ve price action after announcement. Pity about the lower amount of copper produced also. Got a 21k kick in the guts today but I’m still standing.
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- Ann: Quarterly Activities and Cash Flow Report - 31 Dec 2020
Ann: Quarterly Activities and Cash Flow Report - 31 Dec 2020, page-77
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